UPDATE: Hasbro Q3 Profit Down 3.6%

Hasbro

reported a 3.6% drop in its third-quarter earnings. Hasbro's quarterly profit fell to $164.9 million, or $1.24 per share, from $171 million, or $1.27 per share, in the year-ago period. Excluding the impact of the stronger dollar, Hasbro earned $1.28 per share. Its revenue fell 2.2% to $1.35 billion. However, analysts were expecting earnings of $1.20 per share on revenue of $1.38 billion. Hasbro's operating margin climbed to 18.6% from 18%. Hasbro shares closed at $39.05 on Friday.