PAWTUCKET, R.I. (AP) — PAWTUCKET, R.I. (AP) — Hasbro Inc. (HAS) on Thursday reported a fourth-quarter loss of $128.9 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Pawtucket, Rhode Island-based company said it had a loss of 93 cents. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.31 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The toy maker posted revenue of $1.68 billion in the period.
For the year, the company reported profit of $203.5 million, or $1.46 per share. Revenue was reported as $5.86 billion.
Hasbro expects full-year earnings in the range of $4.45 to $4.55 per share.
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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
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