Hasbro Q1 Results Top Estimates; Shares Rise

April 20, 2015 12:04 PM

53 0

(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."

Also read: Clinton lead shrinks, even as nearly 6 in 10 expect her to win, Post-ABC tracking poll finds

Read more

To category page