Are You in Florida for Spring Training? Come meet Globe Sports Writers Nick Cafardo and Peter Abraham! Click for more info.

Around the Region

Hasbro plans to boost ad spending

For the three months ended Sept. 30, Hasbro Inc. earned $164.9 million.

Seth Wenig/Associated Press/file

For the three months ended Sept. 30, Hasbro Inc. earned $164.9 million.

NEW YORK — The toy wars are heating up, with Hasbro planning to beef up spending on advertising after reporting that its third-quarter results fell by 4 percent.

Hasbro, whose toys include My Little Pony, Transformers, and Scrabble, said Monday that results were hurt by weakness in toys for boys and preschool and the stronger US dollar. But the Pawtucket, R.I.-based company’s adjusted results topped Wall Street’s forecasts on Monday. And Hasbro remains confident heading into the critical holiday season, which is when toy makers can earn up to 40 percent of annual revenue.

Continue reading below

For the three months ended Sept. 30, Hasbro Inc. earned $164.9 million, or $1.24 per share. That compares with $171 million, or $1.27 per share, a year earlier.

Revenue slipped 2 percent to $1.35 billion from $1.38 billion. Revenue totaled $1.39 billion excluding unfavorable foreign exchange rates. Wall Street forecast $1.38 billion, on average.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking. Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com