PAWTUCKET, R.I. — Hasbro Inc. today reported fourth-quarter net income of $82.2 million.
The company said it had net income of 59 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.21 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.
The toy maker posted revenue of $2.01 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.87 billion.
For the year, the company reported profit of $428.7 million, or $3.10 per share. Revenue was reported as $6.42 billion.