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Toymaker Hasbro falls short of holiday season revenue estimates [Reuters]
Last hasbro, inc. earnings: 4/29 06:00 am
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US:NASDAQ Investor Relations: investor.hasbro.com/investor-relations
Toymaker Hasbro falls short of holiday season revenue estimates (Reuters) - Hasbro Inc ( HAS.O ) missed holiday quarter revenue estimates on Tuesday, hurt by a drop in sales of Transformers and My Little Pony toys. Net revenue rose to $1.43 billion from $1.39 billion, but missed the average analyst estimate of $1.44 billion, according to IBES data from Refinitiv. Net income rose to $267.3 million, or $2.01 per share, in the fourth quarter ended Dec. 29, from $8.8 million, or 7 cents per share, a year earlier. The reported quarter included a one-time benefit of $102.5 million from gains in foreign currency hedging.
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