Hasbro (HAS) Tops Q1 EPS by 5c
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Hasbro Reports Revenue and Operating Profit Growth for the First Quarter 2015
April 20, 2015 6:30 AM EDTFirst quarter 2015 revenues grew 5% to $713.5 million; Absent a negative $62.6 million impact of foreign exchange, first quarter 2015 revenues grew 14%; Revenue and operating profit grew in the U.S. and Canada and Entertainment and Licensing Segments; International segment revenues increased 20% absent foreign exchange; Franchise Brand revenues grew 20%; Boys, Games and Preschool category revenues increased in the quarter; Operating profit increased 25%; Net earnings of $26.7 million or $0.21 per diluted share; Net earnings increased 43% excluding $13.5 million, or $0.10 per diluted share, of favorable tax adjustments in the first quarter 2014;... More
