End Results Are In, Hasbro Reports Strong 3rd Quarter
Monday, October 23rd, 2006 5:50pm CDTCategory: Company News
Posted by: Raymond T. Views: 10,961
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