February 7, 2018 / 11:44 AM / 7 months ago

Hasbro reports surprise drop in revenue

Feb 7 (Reuters) - Toymaker Hasbro Inc reported a surprise fall in quarterly revenue on Wednesday, hurt by a decline in sales in its gaming unit and Star Wars-based toys.

Hasbro reported a net loss attributable to the company of $5.3 million, or 4 cents per share, in the fourth quarter ended Dec. 31, compared with a profit of $192.7 million, or $1.52 per share, a year earlier, as it recorded a $296.5 million charge related to the U.S. tax overhaul.

The Pawtucket, Rhode Island-based company’s revenue fell 2.1 percent to $1.6 billion, while analysts had expected it to rise to $1.72 billion. (Reporting by Uday Sampath in Bengaluru; Editing by Saumyadeb Chakrabarty)

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