Hasbro Shares Top Estimates, but Revenue Hurt by Strong Dollar

Hasbro (HAS) shares rose 6.3 percent Monday and topped the S&P 500, on the heels of better-than-expected second quarter earnings. The stock is TheStreet's Move of the Day. The toymaker reported earnings per share of $0.33, which exceeded estimates of $0.29. Revenue fell 3.8 percent year-over-year to $797.7 million. Had it not been for the strengthening dollar, sales would have risen 5 percent. Deborah Thomas, Hasbro's Chief Financial Officer said: 'Our second quarter results came with numerous challenges, including a significant negative foreign exchange impact and difficult year-over-year comparisons in several brands. Even with these challenges, we delivered a strong second quarter and a good first half of 2015.' Revenue overseas fell 9 percent amid currency headwinds, while sales in the United States eked out a 1 percent gain. TheStreet's Scott Gamm reports from New York.

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