Hasbro Misses Top And Bottom Lines
Hasbro Inc. (NYSE:HAS) has reported first quarter 2012 adjusted earnings per share of 4 cents, which lagged the Zacks Consensus Estimate of 7 cents. The earnings were also below the year-ago level of 12 cents. On a GAAP basis, Hasbro reported a 2 cents loss in the quarter. Hasbro’s net revenue of $648.9 million slid [...]
Hasbro Inc. (NYSE:HAS) has reported first quarter 2012 adjusted earnings per share of 4 cents, which lagged the Zacks Consensus Estimate of 7 cents. The earnings were also below the year-ago level of 12 cents. On a GAAP basis, Hasbro reported a 2 cents loss in the quarter.
Hasbro’s net revenue of $648.9 million slid 3.0% from the year-ago quarter and also missed the Zacks Consensus Estimate of $670.0 million. Foreign exchange had an unfavorable impact of $8.5 million. Revenue could not utilize … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards