Hasbro Swings to Profit as Girls' Toy Brands Fly Off Shelves

Hasbro is gaining on Monday after the company swung to a profit in its first quarter. The toymaker reported unadjusted net income of 24 cents a share compared to a loss of 5 cents a share a year earlier. Analysts had expected profit of 9 cents a share. Boosting profits, revenue in its girls category surged 21% to nearly $140 million, compensating for slower growth in its boys category. Mattel earnings told a different story last week after reporting its first quarterly loss since 2009.