Monday, July 18, 2011

Hasbro Inc. (NASDAQ: HAS): Q2 2011 Earnings Roundup

Hasbro Inc. (NASDAQ: HAS) reported Monday that its second-quarter profit climbed 33% to $58.1 million, or 42 cents a share, from $43.6 million, or 29 cents, in the year-ago quarter. On an adjusted basis, the company earned 33 cents a share in the latest quarter. Revenue jumped 24% to $908.5 million from $737.79 million.Analysts, on average, expected the company to report earnings of 39 cents per share on revenue of $857.49 million.

"The Hasbro team executed our branded-play strategy globally to deliver both a strong second quarter and to lay the framework for growth in 2011 and beyond," said Brian Goldner, President and Chief Executive Officer. "Today, our brands are bigger and more global, many are backed by entertainment and the application of our brand blueprint is providing consumers with the opportunity to enjoy our brands across an increasingly broad spectrum of consumer goods and entertainment formats."

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