Toymaker Hasbro’s quarterly revenue tops estimates

FAN Editor
FILE PHOTO: Illustration photo of a Monopoly board game by Hasbro Gaming
FILE PHOTO: A Monopoly board game by Hasbro Gaming is seen in this illustration photo August 13, 2017. REUTERS/Thomas White/Illustration/File Photo

July 23, 2018

(Reuters) – Toymaker Hasbro Inc <HAS.O> topped Wall Street estimates for quarterly revenue on Monday, as the company managed to move past the liquidation of retailer Toys ‘R’ Us.

Net earnings fell to $60.3 million, or 48 cents per share, in the second quarter ended July 1, from $67.7 million, or 53 cents per share, a year earlier.

The company’s revenue fell 7 percent to $904.5 million, beating analysts’ estimate of $833.1 million, according to Thomson Reuters I/B/E/S.

(Reporting by Uday Sampath and Nivedita Balu in Bengaluru; Editing by Arun Koyyur)

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