Hasbro: Q3 Earnings Snapshot

PAWTUCKET, R.I. (AP) — PAWTUCKET, R.I. (AP) — Hasbro Inc. (HAS) on Thursday reported third-quarter net income of $223.2 million.

The Pawtucket, Rhode Island-based company said it had net income of $1.59 per share. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.73 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.

The toy maker posted revenue of $1.28 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $1.3 billion.

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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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