PAWTUCKET, R.I. — Hasbro Inc. today reported second-quarter net income of $142 million, after reporting a loss in the same period a year earlier.
The company said it had net income of $1.02 per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $1.15 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.
The toy maker posted revenue of $1.34 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $1.38 billion.