Hasbro Q3 results hurt by Toys R Us and European woes

HASBRO reported net income of $263.9 million in the third quarter, a slight decline from a year earlier, as the Toys R Us bankruptcy continues to affect the toy and entertainment producer. / COURTESY HASBRO
HASBRO reported net income of $263.9 million in the third quarter, a slight decline from a year earlier, as the Toys R Us bankruptcy continues to affect the toy and entertainment producer. / COURTESY HASBRO
PAWTUCKET – Toy and entertainment producer Hasbro Inc. reported net income in the third quarter of $263.9 million, a decline of 0.6 percent, or $2.06 per diluted share, even as revenue for the three-month period fell 12.4 percent to $1.6 billion. The company cited lost revenue from the bankruptcy of Toys R Us across global…
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