Hasbro Q1 Results Top Estimates; Shares Rise

April 20, 2015 12:04 PM

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(RTTNews.com) - Toymaker Hasbro Inc. ( HAS ) Monday said its first-quarter profit declined from last year that benefited from tax adjustments. Revenue grew 5 percent, despite significant foreign exchange headwinds. Both adjusted earnings and revenue topped Wall Street estimates, sending the stock higher by over 9 percent in pre-market trading.

Brian Goldner, Hasbro's President and CEO, said, "2015 is off to a good start with continued momentum in our business, led by growth in all of our Franchise Brands and the underlying strength in demand across international markets, including the emerging markets."

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