Hasbro profit falls on weaker sales in boys, preschool lines

Published October 22, 2012

| Reuters

No. 2 U.S. toy company Hasbro Inc reported a lower quarterly profit on Monday, hurt by a fall in sales in its boys and preschool product lines.

Net profit at the maker of Nerf foam toys and Monopoly board games fell to $164.9 million, or $1.24 per share, in the third quarter, from $171.0 million, or $1.27 per share, a year earlier. Sales fell 2 percent to $1.35 billion.

(Reporting By Dhanya Skariachan; Editing by Supriya Kurane)

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