Hasbro Earnings: Here’s Why Shares are Flat
Hasbro Inc. (NYSE:HAS) delivered a profit and beat Wall Street’s expectations, AND met the revenue expectation. Shares are down 0.34%.
Hasbro Inc. Earnings Cheat Sheet
Results: Net income decreased -6.35% to $130.3 million ($1.20 per diluted share excluding charges) in the quarter versus a net gain of $139.13 million in the year-earlier quarter.
Revenue: Decreased 3.71% to $1.28 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Hasbro Inc. reported adjusted net income of $1.20 per share. By that measure, the company beat the mean analyst estimate of $1.19. It met the average revenue estimate of $1.28 billion.
Quoting Management: “In 2012, we achieved many important objectives for the year, including improving the U.S. and Canada segment operating profit margin to 15.1%, growing our Games and Girls categories and driving 16% revenue growth in the emerging markets while improving profitability,” said Brian Goldner, Hasbro’s President and Chief Executive Officer. “We did, however, face difficult year-over-year comparisons and a challenging holiday season in certain geographies.”
Key Stats (on next page)…