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Tag Archives: toys

Hasbro nearly triples profits during first quarter

NEW YORK — Toymaker Hasbro’s first-quarter profit nearly tripled on rising revenue in all major product categories and a tax benefit. The maker of Transformers and Nerf toys also said today that it is starting a $625 million share buyback program. Shares rose 5 percent in pre-market trading. Profit climbed to $58.9 million, or 40 cents per share, in the ...

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Mattel's performance boosted by Barbie

EL SEGUNDO, Calif. — Mattel Inc. surprised the market today, returning to a first-quarter profit on the strength of core brands like Barbie and newly licensed toy lines such as Thomas and Friends. The results easily beat Wall Street’s expectations. Shares rose 3 percent in thin pre-market trading. The No. 1 U.S. toy maker earned $24.8 million, or 7 cents ...

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