PAWTUCKET, R.I. — Hasbro Inc. today reported first-quarter earnings of $61.2 million.
On a per-share basis, the company said it had profit of 44 cents. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were 57 cents per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The toy maker posted revenue of $1.16 billion in the period, beating Street forecasts. Five analysts surveyed by Zacks expected $1.14 billion.