Hasbro Releases Q3 Financials
INDUSTRY NEWS posted on 19 OCT 2009 by Jim Zabek
They lost money, mostly due to falling exchange rates.
Highlights are as follows:
Third Quarter Highlights
* Net revenues of $1.28 billion compared to $1.30 billion a year ago, a decrease of 2% from a year ago, or an increase of 1% absent the impact of foreign exchange;
* Net earnings of $150.4 million versus $138.2 million or $0.99 per diluted share compared to $0.89 per diluted share, an increase of 11% in EPS;
* Operating profit of $230.7 million or 18% of net revenues, compared to $215.9 million or 17% of net revenues last year;
* Repurchased 1.1 million shares of common stock at a total cost of $30.2 million.
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