Hasbro Inc. is a global company that designs, manufactures and markets games and toys to children and families. Hasbro, Inc. (NYSE:HAS) reported its results for the first quarter.
Hasbro (NYSE:HAS) Earnings Cheat Sheet for the First Quarter
Results: Fell 71% from a year ago to 12 cents per share. Analysts were expecting 17 cents.
Revenue: Remained constant at $672 million YoY.
Quoting Management: “2011 is the first year in our multi-year strategic plan in which we will have significant initiatives across all elements of our brand blueprint – in television, in movies, in digital gaming, in licensing and, most importantly, across our broad portfolio of toys and games,” said Brian Goldner, President and Chief Executive Officer. “We began the year by delivering a quarter consistent with our plan, including growth in many brands and across many countries. Importantly, we are building momentum leading up to the theatrical release of Transformers: Dark of the Moon on July one and two new Marvel films (NYSE:DIS), Thor and Captain America: the First Avenger, this summer; multiple new innovative product launches; and the airing of Hasbro Studios television programs in territories around the world. The stage has been set for a strong year, and we continue to believe that we will grow revenues and earnings per share for the full-year 2011.”
Key Stats: Net income has increased 25.4% year over year on average across the last five quarters. The biggest gain came in the first quarter of the last fiscal year, when income climbed more than twofold from the year earlier quarter.
Over the last five quarters, revenue has fallen an average of 0.6% year over year. The biggest drop came in the fourth quarter of the last fiscal year, when revenue fell 7% from the year earlier quarter.
Today’s Performance: Shares of HAS are trading at $45.44 as of April 14, 2011 at 10:54 AM ET, down .75% from the previous closing price of $45.41.