Hasbro, Inc., together with its subsidiaries, operates as a play and entertainment company. The company's U.S. and Canada segment markets and sells action figures, arts and crafts, and creative play products; electronic toys and related electronic interactive products; fashion and other dolls, infant products, play sets, preschool toys, plush products, and sports action blasters and accessories; and vehicles and toy-related specialty products, as well as traditional board games, and trading card and role-playing games primarily in the United States and Canada. Its International segment markets and sells toy and game products primarily in the Europe, the Asia Pacific, and Latin and South American regions. The company's Entertainment and Licensing segment engages in consumer products licensing, digital gaming, and television and movie entertainment operations. The company sells its products to wholesalers, distributors, chain stores, discount stores, drug stores, mail order houses, catalog stores, department stores, and other traditional retailers, as well as Internet-based e-tailers. Hasbro, Inc. was founded in 1923 and is headquartered in Pawtucket, Rhode Island.
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Shares of Hasbro, the largest toy maker in the world by market cap, soared higher in after hours, after the company announced higher-than-expected fourth-quarter results. Accordingly, the company posted earnings (excluding items) of $1.24 per share, much higher than $0.91 expected by analysts. The net income was reported at $267.3 million...
Hasbro said on Tuesday that more than expected sales of Frozen 2 and Star Wars toys helped fuel optimism in its quarterly performance results. The upbeat earnings report saw the shares trading higher in the stock market on Tuesday. In the fourth quarter, Hasbro announced its net income at $267.3 million that was sharply higher than $8.8 m...
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