7-Feb-2012 - Hasbro 4Q net income dips 1 percent (AP)

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PAWTUCKET, R.I. – Hasbro Inc.'s fourth-quarter profit slipped 1 percent, pinched by softer-than-expected demand in the U.S. and Canada and slow sales of games and puzzles. While earnings for the maker of Nerf, Transformers and My Little Pony matched Wall Street estimates, revenue monster beats studio ferrari headphone was slightly below forecasts. Hasbro shares tumbled 1.97, or 5.5 percent, to 33.89 in premarket trading. "We did not meet our expectations for growth in the U.S. and Canada segment, as we experienced weaker demand than we had anticipated, especially post-Thanksgiving, including challenges in the games and puzzles category," President and CEO Brian Goldner said in a statement. The toy company, whose brands include Nerf, Transformers and My Little Pony, reported net income of 139.1 million, or 1.06 per share, for the period ended Dec. 25. That compares with 140 million, or 99 cents per share, a year earlier. The monster beats studio Signature High Definition Headphone earnings results matched expectations of analysts surveyed by FactSet. Earnings per share rose because there were fewer shares outstanding in the current quarter. Last week rival Mattel, which is the No. 1 U.S. toy maker, reported its fourth-quarter profit climbed on strong holiday demand for its toys. But similar to Hasbro, the El Segundo, Calif. company said that its U.S. performance was weak. Hasbro said Monday that its quarterly revenue rose 4 percent to 1.33 billion from 1.28 billion, buoyed by strength overseas and in its boys' and preschool categories. Wall Street expected 1.34 billion in revenue. Revenue for the U.S. and Canada segment dropped to 592.8 million from 604.8 million, while international segment revenue rose to 669.8 million from 617.9 million. Entertainment and licensing segment revenue climbed to 64.1 million from 53.5 million. While revenue improved for boys' products and preschool items, Hasbro reported revenue declines for its girls and games and puzzles categories. For the full year, Hasbro's earnings fell 3 percent to 385.4 million, or 2.82 per share, from 397.8 million, or 2.74 per share, in the previous year. Annual revenue increased 7 percent to 4.29 billion from 4 billion. Hasbro, based in Pawtucket, R.I., says it expects higher apple green studio headphone earnings per share and revenue in 2012.

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