Hasbro Net Surges 62 Percent
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The toymaker cited earnings of $161.6 million, helped by higher sales led by Transformers and Spider-Man toys and a favorable tax adjustment.
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Shares of video game makers rose sharply Friday after analysts reported industry sales increased 11 percent last month due mainly to the strength of two blockbuster titles that have proven to be the holiday season&#39;s biggest sellers.
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Toy maker reports higher revenues and earnings even though domestic sales fall.
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The toymaker, which has avoided the recalls that plagued many of its competitors, said its fourth-quarter profit rose 24 percent on a 16 percent increase in sales.
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Fourth-quarter earnings jumped 64 percent, due in part to a $214 million gain from a tax benefit, as well as more streamlined operations at the military contractor.
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Hasbro Inc , the second-largest  U.S. toy company, posted higher fourth-quarter profit on  Monday, boosted by strong demand for its Transformers, Nerf and  Furreal Friends product lines.
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U.S. sales of video game hardware  and software rose 28 percent in December from a year earlier as  holiday shoppers snapped up new consoles like Nintendo Co Ltd's  (7974.OS) top-selling Wii, market research firm NPD said on  Thursday.
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U.S. sales of video games and  hardware jumped 46 percent in August from a year earlier, with  Microsoft Corp  seeing sales of its Xbox 360 console  shoot up after a price cut.
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The retailer reports another quarter of double-digit sales growth.
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Also: company announces it exceeded 2 million subscribers over Labor Day weekend.
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Toy maker Hasbro Inc.  posted better-than-expected quarterly earnings Monday on strong demand for movie-related toys such as Transformers and Spider-Man, but its shares fell nearly 5 percent amid concern about how it will drive sales next year.
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Hasbro Inc HAS.N, 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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The toy company's stock was up 82% today after a great Christmas.
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Hasbro Inc , the second-largest U.S. toy company, posted a higher quarterly profit on Monday, boosted by strong demand for its Transformers, Nerf ball and Furreal Friends product lines.
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Or does it claw bears? The snowmobile maker beats earnings estimates.
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The No. 2 electronics retailer is making strides and beats estimates.
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Hasbro Inc , the world's second-largest toy and game company, announced plans to improve productivity at its Massachusetts facility on Wednesday, a move that will cut 200 jobs.