NEW YORK (TheStreet) -- Shares of Hasbro Inc. (HAS) - Get Hasbro, Inc. (HAS) Report are gaining by 5.78% to $69.70 in pre-market trading on Monday morning, after the toys and games maker reported its 2015 first quarter earnings results, which topped analysts' expectations for the period.
The maker of the board game Monopoly, Play-Doh, Nerf, and more said net earnings for the first quarter were 21 cents per diluted share, compared to the 8 cents per share analysts polled by Thomson Reuters were expecting.
Net revenue for the first quarter jumped 5% to $713.5 million versus the $660.27 million analysts had forecast.
"2015 is off to a good start with continued momentum in our business, led by growth in all of our franchise brands and the underlying strength in demand across international markets, including the emerging markets," Hasbro CEO Brian Goldner said in a statement.
"For the first quarter, we grew revenue, improved profitability and delivered growth in adjusted net earnings despite significant foreign exchange headwinds. While the first quarter is the least significant quarter of the year, the global Hasbro team delivered a strong start to the year," Goldner continued.
Separately, TheStreet Ratings team rates HASBRO INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate HASBRO INC (HAS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
You can view the full analysis from the report here: HAS Ratings Report