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.
Continue Reading Below
(Reporting By Dhanya Skariachan; Editing by Supriya Kurane)