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
M Night Shyamalan Unveils 'Glass': 'Unbreakable' & 'Split' Sequel To Star Bruce Willis, Samuel L Jackson, James McAvoy
Mindy Kaling & 3 Arts Option Alyssa Mastromonaco White House Memoir 'Who Thought This Was A Good Idea?' For TV
DC Digital Service To Launch With 'Titans' Series From Greg Berlanti & Akiva Goldsman And 'Young Justice: Outsiders'
Latest Film News
- California Bill To Boost Funding For Hollywood Job Training Passes Committee
- Studios & WGA Can’t Even Agree On Lost Revenues From Last Strike
- ‘Psychopaths’ Helmer Mickey Keating On His Altman-esque Approach To Horror — Tribeca Studio
- Tom Hanks, Jodie Foster, David Byrne, Meryl Streep Remember Jonathan Demme
- Nicolas Cage Breaks Ankle On Movie Set In Bulgaria
- ‘Dog Years’: Adam Rifkin Was Only Going To Make His Latest Movie With Burt Reynolds In The Lead Role…