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Hasbro profilts increase 15% on 2006

Older NewsHasbro Inc announced in their conference call afternoon that its fourth-quarter profits climbed by 15 percent on growth in core brands such as Star Wars, Playskool and Littlest Pet Shop. Net income rose to $108.3 million, up from $94.3 million at the same time last year. Excluding a 12-cent per share adjustment related to a licensing deal with movie director George Lucas, earnings for the current quarter totaled 74 cents per share. Revenue for the quarter rose 5 percent to $1.12 billion from $1.07 billion, topping Wall Street's estimate of $1.1 billion. Star Wars sales climbed 4.1 percent in the quarter.

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Category: Older News | Submitted by: quartz - on: Friday, 9th February 2007 at 13:33:45 GMT | Share: | Discuss: Read on

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