Hasbro Earnings Light Up Investors’ Eyes
Hasbro Earnings Light Up Investors’ Eyes (YahooFinance)
Even though Hasbro, the second-largest U.S.-based toymaker, has seen sales slump at home this quarter, strong overseas demand helped to boost its share price to higher-than-expected levels in the second quarter of 2013. Net earnings rose from $193 million (or $1.46 a share), to $164.9 million (or $1.24 a share), based on a 2 percent rise in sales to $1.37 billion. Heading into the holiday season, investors hope that the nation’s need to play continues to grow.