Hasbro third-quarter misses on weak domestic sales
Toy maker Hasbro Inc's
Hasbro's results were in sharp contrast to those of larger rival Mattel Inc
For the third quarter, Hasbro's net revenue in the U.S. and Canada fell 7 percent, hurt by declines in its boys, girls, and games and puzzles categories, while international revenue rose 23 percent.
The company earned $171.0 million, or $1.27 a share, compared with $155.2 million, or $1.09 a share, last year.
Net revenue rose 5 percent to $1.38 billion.
Analysts had expected the company to earn $1.30 a share on sales of $1.45 billion, according to Thomson Reuters I/B/E/S.
Shares of the second-largest U.S. toy company and maker of Nerf foam toys and Transformers action figures closed at $34.75 on Friday on Nasdaq.
(Reporting by Abhishek Takle in Bangalore; Editing by Sriraj Kalluvila)
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