Hasbro Reports Q4 Loss, Tops Wall Street Estimates
PAWTUCKET, R.I. – Hasbro Inc. (HAS) announced a loss of $34.3 million in its fourth quarter on Thursday. The Pawtucket, Rhode Island-based company reported a loss of 25 cents per share.
Adjusted for non-recurring costs, earnings came in at 46 cents per share, exceeding analysts' expectations. Seven analysts surveyed by Zacks Investment Research had estimated earnings of 38 cents per share.
Hasbro's revenue for the quarter reached $1.1 billion, also surpassing Street forecasts. Five analysts surveyed by Zacks had projected $1.03 billion.
For the full year, the company reported a profit of $385.6 million, or $2.75 per share. Revenue totaled $4.14 billion.