Hasbro: Q3 Earnings Snapshot
By AP News
Published - Oct 24, 2024, 06:35 AM ET
Last Updated - Dec 16, 2024, 06:02 PM EST
PAWTUCKET, R.I. (AP) — PAWTUCKET, R.I. (AP) — Hasbro Inc. (HAS) on Thursday reported third-quarter net income of $223.2 million.
The Pawtucket, Rhode Island-based company said it had net income of $1.59 per share. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.73 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The toy maker posted revenue of $1.28 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $1.3 billion.
