Hasbro: Q3 Earnings Snapshot

PAWTUCKET, R.I. (AP) — PAWTUCKET, R.I. (AP) — Hasbro Inc. (HAS) on Tuesday reported third-quarter profit of $394.5 million.

On a per-share basis, the Pawtucket, Rhode Island-based company said it had profit of $2.77. Earnings, adjusted for one-time gains and costs, came to $2.90 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.86 per share.

The toy maker posted revenue of $1.6 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $1.47 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HAS at https://www.zacks.com/ap/HAS