Hasbro turns $60.3M Q2 profit following Q1 rout on Toys R Us shuttering

HASBRO reported a $60.3 million profit in the second quarter of 2018, following a $112.5 million loss in the first quarter. In the second quarter of 2017, the company earned $67.7 million. / COURTESY HASBRO
HASBRO reported a $60.3 million profit in the second quarter of 2018, following a $112.5 million loss in the first quarter. In the second quarter of 2017, the company earned $67.7 million. / COURTESY HASBRO
PAWTUCKET – Hasbro Inc. reported a $60.3 million profit in the second quarter of 2018 on Monday, or 48 cents per diluted share, reflecting a 11 percent decline from the $67.7 million profit in the second quarter of 2017, or 53 cents per diluted share. The company’s profit was a stark rebound from the $112.5…

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