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Toy giant Hasbro's Q3 net profit fell 4% to US$164.9 million

by:Toysmax     2021-05-05
News on the evening of October 22, Beijing time, the latest financial report released by the US toy manufacturer Hasbro on Monday showed that due to the adverse impact of foreign exchange changes, the company’s net income for the third quarter of the 2012 fiscal year appeared 4 % Decline. At the same time, Hasbro's sales revenue in Europe and the Asia-Pacific region also showed a weak trend. According to Hasbro’s financial report, in the third quarter of fiscal 2012, the company achieved a net profit of 164.9 million U.S. dollars, or $1.24 per share; in the same period in the 2011 fiscal year, Hasbro achieved a net profit of 171 million U.S. dollars, or 1.27 per share. US dollars.   Excluding foreign exchange gains and losses, Hasbro achieved a net profit of US$1.28 per share during the reporting period, which is better than the average estimate of US$1.20 per share by Wall Street analysts.   At the same time, Hasbro achieved operating income of US$1.35 billion during the reporting period, a decrease of 2% from the US$1.38 billion in the same period in the 2011 fiscal year. Excluding non-recurring items, Hasbro achieved operating income of US$1.39 billion during the reporting period, which was better than the average estimate of US$1.38 billion by Wall Street analysts.
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