Hasbro disappoints in holiday quarter

Monday, 10 Feb 2014 | 7:09 AM ET

Feb 10 (Reuters) - Toymaker Hasbro Inc, known for brands such as Monopoly, Nerf and My Little Pony, reported a lower-than-expected quarterly profit on weak sales in North America during the holiday season.

The second-largest U.S. toy company said its net earnings in the fourth quarter fell to $129.8 million, or 98 cents a share, from $130.3 million, or 99 cents a share, a year earlier.

Excluding restructuring charges and other items, Hasbro earned $1.12 a share, missing the analysts' average estimate of $1.22, according to Thomson Reuters I/B/E/S.

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