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Hasbro tops 4Q earnings and revenue expectations

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PAWTUCKET, Rhode Island — Hasbro Inc. (HAS) on Monday reported fourth-quarter earnings of $175.8 million.

The Pawtucket, Rhode Island-based company said it had net income of $1.39 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The toy maker posted revenue of $1.47 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.36 billion.

For the year, the company reported profit of $451.8 million, or $3.57 per share. Revenue was reported as $4.45 billion.

Hasbro shares have risen 10 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased 8 percent. The stock has increased 33 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HAS at http://www.zacks.com/ap/HAS

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Keywords: Hasbro, Earnings Report

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