Hasbro beats Street 4Q forecasts

MarketsAssociated Press

Hasbro Inc. reported fourth-quarter earnings of $192.7 million.

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On a per-share basis, the Pawtucket, Rhode Island-based company said it had net income of $1.52. Earnings, adjusted for asset impairment costs, came to $1.64 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

The toy maker posted revenue of $1.63 billion in the period, which also beat Street forecasts.

For the year, the company reported profit of $551.4 million, or $4.34 per share. Revenue was reported as $5.02 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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Keywords: Hasbro, Earnings Report