Hasbro Monday posted a profit that trounced expectations, on strong sales of Spiderman toys and its Littlest Pet Shop and Playskool brands.
First-quarter net income at the nation's No. 2 toy maker climbed to $32.9 million, or 19 cents a share, compared with a year-earlier loss of $4.9 million, or 3 cents a share.
Revenue rose 34% to $625.3 million from $468.2 million during the first-quarter, a period that is historically less critical to toy makers than the fourth quarter.
Analysts, on average, were expecting Hasbro to break even for the quarter, on $508.9 million in revenue.
The results come a week after Mattel
"Our core brands and new product initiatives performed very well with revenue growth for the quarter pretty balanced between our Marvel business and all our other Hasbro business," Chief Executive Alfred Verrecchia said in a statement.