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Hasbro misses 3Q net income expectations, matches revenue forecasts

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PAWTUCKET, Rhode Island — Hasbro Inc. (HAS) on Monday reported third-quarter profit of $180.5 million.

The Pawtucket, Rhode Island-based company said it had profit of $1.40 per share. Earnings, adjusted for restructuring costs, were $1.46 per share.

The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.

The toy maker posted revenue of $1.47 billion in the period, meeting Street forecasts.

Hasbro shares have dropped 2 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 2 percent. The stock has risen 14 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. HAS stock research report from Zacks: http://www.zacks.com/ap/HAS

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Keywords:Hasbro,Earnings Report

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