PAWTUCKET, Rhode Island - Hasbro's (HAS) fourth-quarter net income slipped, weighed down by some charges during the critical holiday selling period.
The November and December holiday
season is important because companies can make 40 percent or more of their
annual revenue then.
For the period ended Dec. 29, Hasbro
Inc. earned $129.8 million, or 98 cents per share. That compares with $130.3
million, or 99 cents per share, a year ago.
Excluding the charges and a benefit
related to a legal settlement, earnings were $1.12 per share. Analysts expected
earnings of $1.21 per share.
Revenue for the Rhode Island company
was basically flat at $1.28 billion. Analysts expected revenue of $1.3 billion.
Last month rival Mattel Inc.'s fourth-quarter results missed analysts' estimates as sales of toys like Barbie
and Fisher-Price preschool items dropped.