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Hasbro Announces 1st Quarter Loss

Hasbro Announces 1st Quarter Loss

Monday, April 24th, 2006 12:48pm CDT

Categories: Press Releases, Company News
Posted by: Hotrod Views: 20,555

Yahoo News reports that there was bad news on Wall Street today. Hasbro has announced that the has been a bad one. The company has posted a first quarter loss of $4.9 million. Hasbro blames the slump largely on foreign currency fluctuation, new accounting rules for stock options, and a fall in sales of Star Wars merchandise. Shares of Hasbro fell 27 cents, or 1.3 percent, to $20.66 in morning trading on the New York Stock Exchange after the news of the loss was released. Read the full article at Yahoo News for more information about Hasbro's first quarter loss.

Credit(s): Yahoo News

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