Hasbro Tops Estimates, but Mattel Misses

Shares of Hasbro rise, while Mattel is falling.

Author:
Publish date:: Apr 21, 2008 9:09 AM EDT

Hasbro

easily surpassed Wall Street's expectations with its first-quarter results, but fellow toymaker

Mattel

disappointed analysts with its numbers.

Hasbro said its revenue for the quarter rose 13% from last year to $704.2 million. Earnings climbed to $37.5 million, or 25 cents a share, from $32.9 million, or 19 cents a share, a year ago.

Analysts were looking for a profit of 14 cents and sales of $582.6 million. Shares of Hasbro rose 5.2% to $33.20 early Monday.

Meanwhile, Mattel reported a loss of $46.6 million, or 13 cents a share, in its first quarter, reversing last year's profit of $12 million and 3 cents a share.

Sales for Mattel declined 2% year over year to $919.3 million. Analysts had been expecting Mattel to earn 1 cent a share in the quarter on revenue of $926.6 million. Mattel's stock was losing 3.6% to $21.

This article was written by a staff member of TheStreet.com.