Hasbro posts Q3 profit of $265.6M

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HASBRO INC. reported third-quarter profit of $265.6 million despite Toys R Us declaring bankruptcy during the period. Above, a scene from the first-ever HasCon Hasbro brands convention in Providence. / PBN FILE PHOTO/NICOLE DOTZENROD
HASBRO INC. reported third-quarter profit of $265.6 million despite Toys R Us declaring bankruptcy during the period. Above, a scene from the first-ever HasCon Hasbro brands convention in Providence. / PBN FILE PHOTO/NICOLE DOTZENROD
PAWTUCKET – Hasbro Inc. reported third-quarter profit of $265.6 million Monday, a 3.7 percent increase year over year. Revenue for the quarter was $1.8 billion, a 6.7 percent increase from the 2016 third-quarter revenue. The company noted that $29.6 million in revenue for the quarter came from favorable foreign exchange. Diluted earnings per share for…

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