Article updated: 10/22/2012 9:12 AM

Hasbro 3Q profit falls 4 pct, revenue drops

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Hasbro Inc. announced that its third-quarter net income was down by 4 percent. But the Pawtucket, R.I.-based company remains confident heading into the critical holiday season, which is when toy makers can earn up to 40 percent of annual revenue.

Associated Press

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Weakness in its boys and preschool categories globally and the stronger dollar pushed toy maker Hasbro Inc.'s third-quarter net income down by 4 percent. But the company's adjusted results topped Wall Street's forecasts on Monday, and it remains confident heading into the critical holiday season, which is when toy makers can earn up to 40 percent of annual revenue.