Hasbro Profit Toys with Forecasts

Hasbro Profit Toys with Forecasts

Monday, April 21st, 2003 9:42pm CDT

Category: Site News
Posted by: Seibertron   Views: 35,622
Reported on Yahoo! News earlier today: "Strong sales of favorite toys such as Play-Doh and Transformers helped Hasbro Inc. HAS.N post a first-quarter profit versus a loss a year earlier, the No. 2 U.S. toymaker said on Monday. The company┬┤s shares surged 10 percent as it soundly beat estimates by Wall Street analysts who had forecast a loss. A weaker dollar also boosted Hasbro, which also makes Mr. Potato Head and the Easy-Bake oven. The company reported net income of $1.2 million, or 1 cent per share, versus a loss of $17.1 million, or 10 cents a share, a year ago." Read the full story on Yahoo! News.

Credit(s): Yahoo! News


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