You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Red Sox Live



▼  8th Inning 0 outs

Around the Region

Hasbro profit falls, but stock rises

PAWTUCKET, R.I. — Hasbro Inc.’s fourth-quarter net income edged down in a disappointing holiday season hurt by one-time charges and weak sales of the Beyblade spinning top game and Marvel toys. But the company boosted its dividend by 8 percent, and its shares rose 4.5 percent Monday.

Investors were reassured that the weakness was concentrated in the boys area, a unit that is sure to turn around when new movies come out, said Needham & Co. analyst Sean McGowan. The unit’s sales fell 16 percent. The girls area saw a 19 percent gain.

Continue reading below

Hasbro earned $129.8 million, or 98 cents a share, down from $130.3 million, or 99 cents, a year earlier. Revenue was flat at $1.28 billion.

Full-year net income fell 15 percent to $286.2 million.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email 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
Marketing image of