Before the opening bell on Monday, toy maker Hasbro (HAS ) reported higher fourth quarter earnings, which came in above analysts’ estimates.
HAS's Earnings in Brief
- HAS reported earnings of $169.92 million, or $1.34 per share, up from $129.82 million, or 98 cents per share, last year.
- Excluding special items, earnings were $1.22 per share – above analysts’ view of $1.21 per share.
- Revenue rose to $1.30 billion from $1.28 billion a year ago. Analysts expected to see revenue of $1.33 billion.
Hasbro’s president and CEO Brian Goldner commented: “These results highlight the power of building innovative brand experiences based firmly in global consumer insights and supported by compelling stories. Investments in our brand blueprint are unlocking value in our brand portfolio and we begin 2015 well positioned to capitalize on our efforts in ‘Creating the World’s Best Play Experiences.”
The company declared a 46 cent dividend, which marks a 7% raise from the company’s previous quarterly dividend of 43 cents. The next dividend will be paid on May 15 to shareholders of record on May 1.
Shares of HAS were up 56 cents, or 1.00%, during pre-market trading Monday. The stock is up 1.36% YTD.