Business

Market Movers

Slow holiday sales show in Hasbro earnings

The Monopoly game got a new token, a cat, Thursday.

Steven Senne/AP

The Monopoly game got a new token, a cat, Thursday.

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Hasbro’s net income fell in the fourth quarter as the toy maker faced a challenging holiday season and incurred restructuring charges. The Pawtucket, R.I., company, which makes Monopoly and Nerf, plans to cut about 10 percent of its workforce and consolidate facilities to reduce expenses. For the quarter, it earned $130.3 million, or 99 cents per share, vs. $139.1 million, or $1.06 per share, a year earlier. Not including charges, it earned $1.20 per share. Analysts expected $1.18 per share.

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