The following presents the earnings highlights for Hasbro Inc.:
In the fourth quarter, Hasbro Inc. recorded earnings of -$1.06 billion, a stark contrast to the -$128.9 million from the same period in the previous year. Their earnings per share (EPS) significantly dropped from -$0.93 in the previous year to -$7.64. However, after adjusting for certain items, Hasbro Inc. managed to report adjusted earnings of $52.3 million or $0.38 per share for the period.
Analysts had earlier projected an earning of $0.66 per share. Revenues also took a hit, dipping to $1.29 billion in the fourth quarter as compared to the revenue of $1.68 billion in the same period last year.
