Profit at Hasbro Increases 62%
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Hasbro said its third-quarter profit climbed 62 percent on higher sales led by Transformers and Spider-Man toys and a favorable tax adjustment.
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The 2.6 percent rise in second-quarter earnings overcame weak pricing in the Caribbean and higher fuel costs.
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The discount carrier posted quarterly net income of $162 million on strong demand.
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The companyâs third-quarter profit beat expectations, lifted by an extra week of holiday shopping and sales of video game consoles and GPS devices.
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Mattel Inc., the worldâs largest toy maker, said yesterday that fourth-quarter profit unexpectedly rose 2.6 percent on holiday sales of Barbie dolls and Fisher-Price toys.
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Hasbro Inc. , the world's second-largest toy maker, posted a better-than-expected second-quarter profit on Monday, helped by strong demand for movie-related toys such as Transformers and Spider-Man.
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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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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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The retailer reports strong earnings and lifts its outlook.
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The company said its net income rose to $156 million, or 59 cents a share, from $45 million, or 29 cents a share in the period a year earlier.
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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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The Whirlpool Corporation said its fourth-quarter profit climbed 72 percent, helped by its acquisition of Maytag, an improved product mix and the weak dollar.
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Nintendo Co. said Thursday profits more than doubled in the six months ending Sept. 30 on the soaring success of its hit Wii and Nintendo DS game consoles.
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Mattel Inc. , the largest U.S.  toy maker, posted higher second-quarter profit on Monday,  helped by increased sales of its Wheels and Fisher-Price toys.
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The toy maker reported a 15 percent increase in its second-quarter profit on global sales of Barbie dolls and Hot Wheels toy cars that offset U.S. declines.
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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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Adobe Systems Inc.'s income rose 62 percent in its latest quarter on stronger-than-anticipated revenue growth.