PAWTUCKET, R.I. (AP) — PAWTUCKET, R.I. (AP) — Hasbro Inc. (HAS) on Thursday reported a loss of $171.1 million in its third quarter.
On a per-share basis, the Pawtucket, Rhode Island-based company said it had a loss of $1.23. Earnings, adjusted for non-recurring costs and amortization costs, were $1.64 per share.
The results met Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of $1.64 per share.
The toy maker posted revenue of $1.5 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $1.64 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HAS at https://www.zacks.com/ap/HAS