Hasbro Inc (NASDAQ:HAS) Declares Stellar Results
Hasbro, Inc (NASDAQ:HAS)’s 2013 Q3 results beat analyst projections. The company reported earnings per share of $1.31 which topped the average analysts’ estimate of $1.27 by 3.2 percent. A year ago, the earnings per share was $1.24/share. The company had better-than-projected top-line growth. This along with expansion of the operating margin resulted in the healthy results. Y-o-Y, the company reported EPS of $1.46 which was up by 17.7%. This figure is inclusive of tax-adjustments, partial pension-settlement charges and restructuring charges.
Hasbro, Inc (NASDAQ:HAS) net revenue of $1.37B rose by 2% from the same quarter of 2012 and topped the analyst’ estimates of $1.34B by 2.2%. There was significant growth in the Games and Girls segments which was offset to a certain degree with a not-too-healthy performance in the Boys segment, which typically accounts for approximately 1/3rd of the total revenue. The revenues are inclusive of a +$3.8M impact from the translation in currency.
In Monday’s trading, Hasbro, Inc (NASDAQ:HAS) rose by 5.25%. The opening price of the shares was $48.93, which climbed to an intraday high of $51.68 and dipped to a close of $49.72. Approximately 5.34M shares exchanged hands on Monday while an average volume of 1.36M shares were traded over a period of 30 days. The 52-week low of Hasbro, Inc (NASDAQ:HAS) shares are $34.91 and the 52-week high is $51.68. The company has a market capitalization of $6.45 billion.
About the company
Hasbro, Inc (NASDAQ:HAS) is involved in providing children’s & family leisure-time products with a broad portfolio of entertainment properties and brands. Its brand-architecture identifies franchise-brands, challenger-brands, key-partner brands as well as new brands. Franchise & challenger brands include numerous well-known brands like the TRANSFORMERS, G.I. JOE, LITTLEST PET SHOP, NERF, BABY ALIVE, MONOPOLY, MY LITTLE PONY, PLAY-DOH, and MAGIC: THE GATHERING, and PLAYSKOOL.