Hasbro Posts Higher 4th-Qtr on Cost Cuts
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Hasbro Inc , the No. 2 U.S. toy maker, on Monday reported fourth-quarter earnings rose 7.2 percent, after cutting costs to offset a tougher retail environment and declines at its U.S. toys unit.
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Hasbro Inc. , the second largest U.S. toy maker, reported a 15 percent rise in fourth-quarter profit on Friday, helped by strong sales of Nerf balls and Monopoly board games.
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Mattel Inc. and Hasbro Inc., the world&#39;s two largest toymakers, said third-quarter sales fell. Mattel&#39;s profit declined 5.2 percent and Hasbro&#39;s rose 30 percent after it lowered costs.
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Shares of Best Buy (BBY:NYSE - news - research) caught a bid Wednesday after the electronics retailer&#39;s third-quarter results beat estimates.
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Hasbro Inc  posted a better-than-expected quarterly profit on Monday, boosted by strong demand for its Transformers, Nerf and Furreal Friends product lines, helping to send its shares up as much as 4 percent.
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The manufacturerâs fourth-quarter profit jumped to $2.5 billion due to a large gain on the sale of its Bobcat machinery division, but results fell short of Wall Street forecasts.
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U.S. chain store sales rose for the fourth consecutive week, but the last-minute Christmas rush was not enough to make up for many retailers' subpar pre-Christmas performance, a report said on Tuesday.
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AT&T Corp., the No. 4 U.S. telephone  company, said on Thursday its fourth-quarter earnings increased  due to cost-cutting through job cuts and a tax benefit from the  writedown of its assets.
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The company reported net earnings of $108.4 million on higher shipments and selling prices, as well as a tax benefit.
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Amgen  reported on Thursday that its fourth-quarter profit edged higher as cost cutting helped offset sharply declining sales of its anemia drugs that have been hit with safety concerns and new restrictions on use and insurance reimbursements.
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Argosy reports solid Q4 gains ahead of merger with Penn National Gaming.
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The consumer electronics retailer continues to produce strong results.
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The company reported net income for the fourth quarter of $632 million on restructuring moves and tax benefits, which more than offset lower aluminum prices.
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Hasbro Inc , the second-largest U.S. toy company, posted a higher quarterly profit on Monday, helped by sales of its Playskool toys and continued strong demand for products tied to the Transformers movie.
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Sears, Roebuck and Co.  on Tuesday said it would restate its fourth-quarter 2004 earnings, cutting them by 5 cents to 10 cents a share, due to an error in accounting for construction allowances.
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The retailer said net income in the fourth quarter rose to $4.1 billion as its focus on low prices paid off. International growth also helped lift profit and sales.
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The toy maker said fourth-quarter profit rose 15 percent and it approved an added $500 million stock buyback.