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Hasbro Sees Quarterly Profit Rise

The toymaker gets a lift from sales in its North American segment.
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Hasbro

(HAS) - Get Hasbro, Inc. (HAS) Report

Friday reported an increase in fourth-quarter net profits, due in part to a boost in North American sales.

For the fourth quarter, the toymaker reported net earnings of $108.3 million, or 62 cents a share, compared with $94.3 million, or 48 cents a share, in the prior-year period.

The company generated revenue of $1.1 billion in the quarter, up 4.1% over the last quarter of 2005 and in-line with the analyst consensus estimate from Thomson First Call.

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Hasbro recorded net sales of $712.6 million, a 10% increase over the prior-year quarter. International sales, however, saw a 5% drop, to $380.2 million.

Excluding items, fourth-quarter EPS would have been 74 cents. Analysts were looking for earnings of 67 cents a share.

For the full year, the Pawtucket, R.I., company reported net earnings of $230.1 million, or $1.29 a share, on $3.2 billion in revenue. The results compare with 2005 earnings of $212.1 million, or $1.09 a share, on $3.1 billion in revenue.

Excluding items, 2006 earnings would have been $1.43 a share, as compared to $1.14 a share in the prior year. Analysts were looking for $1.29 a share on $3.1 billion in earnings.

Shares were down 70 cents, or 2.4%, at $28.42 in late-afternoon trading.