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Article: Hasbro Reports Third Quarter 2009 Results.
- Article from:
- Entertainment Business Newsweekly
- Article date:
- November 8, 2009
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Hasbro, Inc. (NYSE: HAS) reported net revenues of $1.28 billion, compared to $1.30 billion a year ago, a decrease of 2%. Net revenues grew 1%, excluding the negative $36.0 million impact of foreign exchange. The Company reported net earnings of $150.4 million, or $0.99 per diluted share, compared to $138.2 million or $0.89 per diluted share in 2008. The 2009 third quarter results include a $0.03 per share dilutive impact from the Company's investment in its joint venture with Discovery Communications and initial investments in Hasbro's virtual studio.
"Hasbro performed well in what is continuing to be a challenging global environment. We grew revenues absent the ...