Hasbro Reports Third-Quarter Earnings of $1.09 Per Share
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%.
"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.