the republic logo

Hasbro 2nd-quarter profit drops 8.2 percent, misses forecast


PAWTUCKET, Rhode Island — Hasbro Inc. (HAS) on Monday reported profit that decreased by 8.2 percent in its second quarter, and missed analysts' expectations.

The Pawtucket, Rhode Island-based company said net income decreased to $33.5 million, or 26 cents per share, from $36.5 million, or 28 cents per share, in the same quarter a year ago.

Earnings, adjusted for pre-tax expenses, were 36 cents per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The company said revenue rose 8.2 percent to $829.3 million from $766.3 million in the same quarter a year earlier, and missed Wall Street forecasts. Analysts expected $842.8 million, according to Zacks.

Hasbro shares have declined $1.80, or 3.3 percent, to $53.21 since the beginning of the year, while the Standard & Poor's 500 index has climbed 7 percent. However, the stock has climbed $7.83, or 17 percent, in the last 12 months.

This story was generated automatically by Automated Insights ( using data from Zacks Investment Research. Full HAS report:


Keywords:Hasbro,Earnings Report

Think your friends should see this? Share it with them!

All comments are moderated before posting. Your email address must be verified with Disqus in order for your comment to appear.
View our commenting guidelines and FAQ's here.

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.