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Business

Market Movers

Hasbro loses $6.7m but beats forecasts

Hasbro is based in Pawtucket, R.I. Above, the newest Monopoly token.

Associated Press/File 2013

Hasbro is based in Pawtucket, R.I. Above, the newest Monopoly token.

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Hasbro Inc.’s quarterly results beat expectations as the toy maker benefited from an online contest that let people vote to eliminate a Monopoly token and introduce a new one. Revenue rose 2 percent overall to $663.7 million and in three of four categories: games, girls, and preschool. In the boys category, sales fell 20 percent. Hasbro is cutting costs, including a 10 percent workforce cut. For the quarter, it lost $6.7 million, or 5 cents per share. Stripping out a restructuring charge and tax adjustments, it earned 5 cents a share.

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