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Hasbro (HAS) Tops Q1 EPS by 10c

February 9, 2015 6:31 AM EST

Hasbro (NASDAQ: HAS) reported Q1 EPS of $1.34, $0.10 better than the analyst estimate of $1.24. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.34 billion.

Board authorizes additional $500 million in share repurchase authorization.

“2014 was a good year for Hasbro. We grew revenues, profitability and returned significant capital to our shareholders,” said Brian Goldner, Hasbro’s President and Chief Executive Officer. “These results highlight the power of building innovative brand experiences based firmly in global consumer insights and supported by compelling stories. Investments in our brand blueprint are unlocking value in our brand portfolio and we begin 2015 well positioned to capitalize on our efforts in ‘Creating the World’s Best Play Experiences.’”

“The underlying strength of Hasbro’s brands and financials enabled us to grow revenues and earnings despite a significant fourth quarter negative impact from foreign exchange,” said Deborah Thomas, Hasbro’s Chief Financial Officer. “In 2014, foreign exchange had a $93 million negative impact on revenues and approximately a $25 million negative impact on net earnings. Despite this, our focus on profitable growth delivered our highest operating profit margin in recent years, while generating $454 million in operating cash flow. In 2015, we have tremendous brand initiatives and entertainment upon which to capitalize, but anticipate foreign exchange will remain a significant headwind throughout the year.”

For earnings history and earnings-related data on Hasbro (HAS) click here.

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