Hasbro: 4Q Earnings Snapshot

February 11, 2020 GMT

PAWTUCKET, R.I. (AP) _ Hasbro Inc. (HAS) on Tuesday reported fourth-quarter earnings of $267.3 million.

The Pawtucket, Rhode Island-based company said it had profit of $2.01 per share. Earnings, adjusted for gains related to mergers and acquisitions, were $1.24 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

The toy maker posted revenue of $1.43 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $1.45 billion.

For the year, the company reported profit of $520.5 million, or $4.05 per share. Revenue was reported as $4.72 billion.

Hasbro shares have fallen 4.5% since the beginning of the year, while the Standard & Poor’s 500 index has climbed nearly 4%. The stock has increased 13% in the last 12 months.


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 https://www.zacks.com/ap/HAS