Hasbro reports $142M profit in Q2, beats Wall Street expectations

HASBRO INC. on Tuesday reported third quarter earnings of $129.2 million, or 93 cents per share, down 49% from the same period last year. / PBN FILE PHOTO
PAWTUCKET – Hasbro Inc. on Tuesday reported second-quarter profit of $142 million, after a loss in the same period a year earlier. The toymaker said it had net income of $1.02 per share, more than a 100% increase from the $22.9 million loss on 17 cents per diluted share, reported one year prior. Tuesday’s results…

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