PAWTUCKET, R.I. (AP) — Hasbro Inc. reported record third-quarter revenue and strong earnings Monday on strong growth in its games division, while getting a bigger boost from sales to girls through tie-ins with Disney and DreamWorks movies. With less than 70 days until Christmas and the shopping season around the corner, the toymaker maintained its recent momentum, reporting net income for the quarter of $257.8 million, topping last year's $207.6 million for the same period. The toy industry pulled out of a near decade-long funk last year with the help of Hollywood tie-ins and improved technology, both factors in Hasbro's strong third quarter.
Game Growth, Movie Tie-ins Help Hasbro To Record Revenue
Business Heds Index, Seattle Post-Intelligencer: Business
Mon, 10/17/2016 - 9:56am
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