Hasbro, Inc. reported that it had returned to profitability in the third quarter. Worldwide net revenues were $893.4 million compared to $1.1 billion a year ago. Net earnings were $50.6 million, compared to earnings of $13.8 million in 2000 and diluted earnings per share were $0.29, compared to $0.08 per share in 2000. The company also reported third quarter Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of $161.3 million, compared to $120.4 million in the third quarter of 2000.
For the nine months, worldwide net revenues were $1.9 billion compared to $2.6 billion a year ago. Net earnings and diluted earnings per share in the first nine months were $7.2 million and $0.04, respectively, compared to earnings of $35.5 million and $0.20 last year. EBITDA for the nine months was $247.0 million compared to $311.0 million last year.
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