Shares are down about 5.5% in pre-market trading after the company behind Transformers and cable’s The Hub kids’ channel reported soft results for the last three months of 2011. Hasbro generated net earnings of $139.1M, down 6.3% vs the period last year, on revenues of $1.33B, up about 4%. Analysts expected revenues to come in slightly higher, at $1.34B. Earnings, at $1.06 a share, were a penny ahead of forecasts. Hasbro’s entertainment and licensing unit more than held its own: Its operating profit grew 44% to $21.5M on revenues of $64.1M, up 20%. The company says the operation thrived from sales of TV shows overseas, as well as from movie and merchandise revenues from Transformers: Dark Of The Moon. But that didn’t seem to help the games and puzzles category where revenues fell 11% to $370.6M. “Despite the challenges we encountered in 2011, we grew our business, effectively managed our capital structure and maintained a healthy balance sheet,” CEO Brian Goldner says.
Hasbro's 4Q Entertainment Gains Offset By Losses In Games
What's Hot on Deadline
'Black Panther' Goes Wild: 2nd Best Sunday $60M+; 3-Day $201M+; 4-Day To Shred 'Jurassic World' & Possibly 'Last Jedi'
Winter Olympics: Adam Rippon Turns Down NBC Correspondent Position, Net Struggles With Broadcast Gaffes — Update
Olympic Curling Medalist From Russia Busted For Doping; Wardrobe Malfunction Leaves French Ice Dancer Exposed
Latest Film News
- ‘Black Panther’: Hollywood Cannot Stop Praising The Groundbreaking Marvel Blockbuster
- Oscars Street Closures: When & Where To Expect Detours, Delays
- SAG-AFTRA Closes “Wigging” Probe, Says It “Remains Committed” To Ending Practice Of Men Doubling…
- Activist Organization Hosts Voter Registration Events At ‘Black Panther’ Screenings
- Blue Fox Hires Myriad Pictures’ Audrey Delaney As Marketing & Distribution SVP – Berlin
- José Padilha Lifts The Lid On ‘7 Days In Entebbe’ – Berlin