Saturday, December 10, 2016
Joined Nov 11, 2007
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$HAS Reports a Loss on Restructuring Costs

“PAWTUCKET, R.I. (AP) — Hasbro says its first-quarter loss widened as the toy maker absorbed heavy restructuring charges and foreign exchange rates flattened its international revenue. The performance still topped Wall Street expectations.

The Pawtucket, R.I., maker of Transformers and Monopoly says it lost $6.7 million, or 5 cents per share, in the three months ended March 31. That compares with a loss of $2.6 million, or 2 cents per share, a year ago.

But Hasbro Inc. earned 5 cents per share when a restructuring charge is excluded. Analysts expected adjusted earnings of 4 cents per share….”

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