PAWTUCKET, R.I. (AP) — Hasbro Inc. (HAS) on Monday reported third-quarter profit of $220.9 million.
The Pawtucket, Rhode Island-based company said it had net income of $1.61 per share. Earnings, adjusted for amortization costs and non-recurring costs, were $1.88 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.
The toy maker posted revenue of $1.78 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.77 billion.
Hasbro shares have decreased 13% since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 7%. The stock has dropped slightly more than 4% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HAS at https://www.zacks.com/ap/HAS