UPDATE: Hasbro Q2 Net Profit Drops 25%

Hasbro

reported a 25% drop in its second-quarter profit. Hasbro's quarterly profit fell to $43.4 million, or $0.33 per share, versus a year-ago profit of $58.1 million, or $0.42 per share. Its revenue declined 11% to $811.5 million. However, analysts were expecting earnings of $0.23 per share on revenue of $829 million. Hasbro's US and Canada segment revenue declined 19%, while international segment revenue dropped 3.7%. Hasbro shares closed at $33.84 on Friday.