Hasbro Profit Gets Lift From Transformers

PAWTUCKET, Rhode Island ( TheStreet) -- Hasbro ( HAS) said second-quarter earnings rose 33% led by strong gains in its Transformers and BeyBlade brands.

Earnings were $58.1 million, or 42 cents a share, up from $43.6 million, or 29 cents a share, a year earlier. Excluding a favorable tax adjustment and certain relocation expenses, earnings were 33 cents a share.

Revenue rose 23% to $908.5 million.

Analysts expected adjusted earnings of 39 cents a share on revenue of $848.8 million.

-- Written by Joseph Woelfel

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