Breaking News Bar
updated: 7/22/2013 12:47 PM

Hasbro 2Q results miss Wall Street's expectations

Hasbro 2Q results miss Wall Street's expectations

hello
Success - Article sent! close
 
Associated Press

PAWTUCKET, R.I. -- Hasbro Inc.'s second-quarter net income fell 16 percent, hurt by cautious consumer spending and a steep drop in sales of boys' toys.

The No. 2 toy maker earned $36.5 million, or 28 cents per share, for the period ended June 30. That compares with $43.4 million, or 36 cents per share, a year earlier.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Removing pension-related charges, earnings were 29 cents per share.

Analysts expected earnings of 34 cents per share.

Revenue for the Pawtucket, R.I., company dropped 6 percent to $766.3 million from $811.5 million, missing Wall Street's $800.6 million estimate.

Sales of boys' toys declined 35 percent against tough year-ago comparisons. But girls' toys jumped 43 percent, and board game sales climbed 19 percent.

Last week rival Mattel Inc.'s second-quarter net income fell, hurt by ongoing softness in Barbie sales and a write-down on the Polly Pocket line.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    help here