Hasbro Earnings Light Up Investors’ Eyes

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[Hasbro]

Hasbro Earnings Light Up Investors’ Eyes (YahooFinance)

Even though Hasbro, the second-largest U.S.-based toymaker, has seen sales slump at home this quarter, strong overseas demand helped to boost its share price to higher-than-expected levels in the second quarter of 2013. Net earnings rose from $193 million (or $1.46 a share), to $164.9 million (or $1.24 a share), based on a 2 percent rise in sales to $1.37 billion. Heading into the holiday season, investors hope that the nation’s need to play continues to grow.

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