PAWTUCKET, R.I. (AP) 鈥� PAWTUCKET, R.I. (AP) 鈥� Hasbro Inc. (HAS) on Wednesday reported first-quarter net income of $198.4 million.
On a per-share basis, the Pawtucket, Rhode Island-based company said it had net income of $1.39. Earnings, adjusted for amortization costs and restructuring costs, came to $1.47 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The toy maker posted revenue of $1 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $989.5 million.
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