Hasbro: 1Q Earnings Snapshot

Hasbro Inc. on Tuesday reported first quarter net income of $26.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Pawtucket, Rhode Island company said it had profit of 21 cents.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The toy maker posted revenue of $732.5 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $673.8 million.

Hasbro shares have increased slightly more than 8% since the beginning of the year, while the Standard & Poor's 500 index has climbed 16%. The stock has climbed roughly 5% in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on HAS at https://www.zacks.com/ap/HAS