Wall Street Grand, LLC., a leading investor newsletter is pleased to announce to the investment community and Wall Street Grand members market moving news about Hasbro Inc., (NYSE:HAS) phenomenal growth in the fourth quarter . Hasbro Inc. (NYSE:HAS) trades on the “New York Stock Exchange” under the stock symbol “HAS”. To learn more about “HAS”, make sure to visit our exclusive website http://www.wallstreetgrand.com/.
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Hasbro Inc. (NYSE:HAS) the nation's second biggest toymaker, said its profit on Monday the 8th, surged in the 4Q on sales of boys' action figures and other toys as well as strong licensing revenue. The owner of the Transformers, Tonka and Playskool brands also said it expects sales and earnings per share to grow this year although it didn't offer specific estimates. The company based in Pawtucket, R.I., reported earnings of $93.6 million, or 62 cents per share, for the fourth quarter a year ago. Shares reached $3.50, or 11.5 percent, to $34.38 in morning trading after rising to a 52-week high of $34.42 earlier in the session. Hasbro said its profit surged 77 percent to $165.6 million, or $1.09 per share, in the quarter ended Dec. 27, easily beating the 81 cents-per-share estimate of analysts polled by Thomson Reuters. These estimates normally exclude one-time items.
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