End Results Are In, Hasbro Reports Strong 3rd Quarter

End Results Are In, Hasbro Reports Strong 3rd Quarter

Monday, October 23rd, 2006 5:50pm CDT

Category: Company News
Posted by: Raymond T.   Views: 10,961
Hasbro inc. has released their final results for their earnings in the third quarter. The following are the highlights from their press release.

Net revenues up 5% to $1.039 billion, compared to $988.1 million a year ago, with strong performance from a number of brands including LITTLEST PET SHOP, PLAYSKOOL, NERF, TRANSFORMERS, STAR WARS and PLAY-DOH.

Net earnings per share increased 23% to $0.58 per diluted share, this compared to prior year net earnings of $0.47 per diluted share;

Operating profit improved 29% to $165.2 million or 15.9% of revenues;

During the quarter, the company repurchased approximately 6.6 million shares of common stock at a total cost of $131.0 million

Credit(s): www.hasbro.com


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