Hasbro, Inc. Earnings Cheat Sheet: Profit Rises Again

S&P 500 (NYSE:SPY) component Hasbro, Inc. (NASDAQ:HAS) reported its results for the third quarter. Hasbro is a global company that designs, manufactures and markets games and toys to children and families.

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Hasbro Earnings Cheat Sheet for the Third Quarter

Results: Net income for Hasbro, Inc. rose to $171 million ($1.27 per share) vs. $155.2 million ($1.09 per share) in the same quarter a year earlier. This marks a rise of 10.2% from the year earlier quarter.

Revenue: Rose 4.8% to $1.38 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: HAS fell short of the mean analyst estimate of $1.30 per share. It fell short of the average revenue estimate of $1.45 billion.

Quoting Management: “We continue to expect to deliver meaningful growth in both revenues and earnings per share for the full-year 2011 versus our 2010 reported full-year results,” said Brian Goldner, President and Chief Executive Officer. “Our performance this year demonstrates we are successfully executing our strategy globally. We begin the fourth quarter with a number of encouraging factors supporting our full-year outlook.”

Key Stats:

From the second quarter, the company’s current liabilities rose to $942.4 million from $706.5 million.

The company has now fallen short of estimates in the last two quarters. In the second quarter, it missed expectations by 5 cents with net income of 33 cents versus a mean estimate of net income of 38 cents per share.

Net income has dropped 8% year over year on average across the last five quarters. Performance was hurt by a 70.8% decline in the first quarter from the year earlier quarter.

The company’s revenue has now risen for two straight quarters. In the second quarter, revenue increased 23.1% to $908.5 million from the year earlier quarter.

Looking Forward: Over the past sixty days, the outlook for the company’s performance next quarter has become increasingly unfavorable. The average estimate for the fourth quarter is $1.21 per share, a drop from $1.25. For the fiscal year, the average estimate has moved down from $3.05 a share to $2.95 over the last ninety days.

Competitors to Watch: Mattel, Inc. (NASDAQ:MAT), LeapFrog Enterprises, Inc. (NYSE:LF), JAKKS Pacific, Inc. (NASDAQ:JAKK), Action Products Intl., Inc. (APII), RC2 Corporation (NASDAQ:RCRC), Small World Kids, Inc. (SMWK), Bally Technologies Inc. (NYSE:BYI), Avisio Inc (AVIC), and Conspiracy Entertainment Hldgs. Inc (CPYE).

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(Source: Xignite Financials)