Hasbro posts quarterly profit as demand for girls' toys rise
April 21 (Reuters) - Toymaker Hasbro Inc reported a quarterly profit, compared with a year-earlier loss, helped by strong demand for its toys for girls.
The company's first-quarter revenue rose 2 percent to $679.5 million.
Sales of girls' toys such as My Little Pony and Nerf Rebelle increased 21 percent.
Net income was $32.1 million, or 24 cents per share, in the quarter ended March 30, compared with a net loss of $6.7 million, or 5 cents per share, a year earlier. (Reporting by Shailaja Sharma in Bangalore; Editing by Maju Samuel)
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video