Hasbro Reports Third-Quarter Earnings of $1.09 Per Share

Hugh Collins
Updated

Hasbro Inc (HAS) reported third-quarter earnings of $1.09 per share, compared with 99 cents per share a year earlier.

Net revenue rose 3% to $1.31 billion, the toymaker said in a statement. Absent the negative impact of foreign exchange movements, and revenue was up 4%.

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The company saw growth in its preschool, boys and games & puzzles categories.

"Innovation across Hasbro's portfolio of world class brands, backed by continued strong execution from our teams globally, drove the third quarter performance," CEO Brian Goldner said.

Hasbro repurchased a total of 6.1 million shares of common stock in the third quarter, at an average price of $42.39 per share. So far this year, the company has spent $629.2 million on share repurchases.

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