Hasbro meets 4Q earnings expectations, misses revenue forecasts

IndustriesAssociated Press

Hasbro Inc. (HAS) on Monday reported fourth-quarter profit of $169.9 million.

On a per-share basis, the Pawtucket, Rhode Island-based company said it had profit of $1.34. Earnings, adjusted for pretax gains, came to $1.22 per share.

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The results matched Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.22 per share.

The toy maker posted revenue of $1.3 billion in the period, which fell short of Street forecasts. Analysts expected $1.34 billion, according to Zacks.

For the year, the company reported profit of $415.9 million, or $3.20 per share. Revenue was reported as $4.28 billion.

Hasbro shares have climbed slightly more than 1 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has climbed 11 percent in the last 12 months.

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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 http://www.zacks.com/ap/HAS

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Keywords: Hasbro, Earnings Report