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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