Hasbro Earnings: Here’s Why Shares are Flat

Hasbro Inc. (NYSE:HAS) delivered a profit and beat Wall Street’s expectations, AND met the revenue expectation. Shares are down 0.34%.

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Hasbro Inc. Earnings Cheat Sheet

Results: Net income decreased -6.35% to $130.3 million ($1.20 per diluted share excluding charges) in the quarter versus a net gain of $139.13 million in the year-earlier quarter.

Revenue: Decreased 3.71% to $1.28 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Hasbro Inc. reported adjusted net income of $1.20 per share. By that measure, the company beat the mean analyst estimate of $1.19. It met the average revenue estimate of $1.28 billion.

Quoting Management: “In 2012, we achieved many important objectives for the year, including improving the U.S. and Canada segment operating profit margin to 15.1%, growing our Games and Girls categories and driving 16% revenue growth in the emerging markets while improving profitability,” said Brian Goldner, Hasbro’s President and Chief Executive Officer. “We did, however, face difficult year-over-year comparisons and a challenging holiday season in certain geographies.”

Key Stats (on next page)…

Revenue decreased 4.84% from $1.35 billion in the previous quarter. Net income decreased 20.96% from $164.85 million in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.03 to a loss $0. For the current year, the average estimate has moved down from a profit of $2.85 to a profit of $2.8 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)