Hasbro shares hit an all-time high after its first quarter earnings beat forecasts, powered by toys based on the movies "Star Wars: The Force Awakens" and "Frozen."
Hasbro was trading as high as $88 after the toymaker beat estimates by 14 cents with quarterly profit of 38 cents per share. Revenues topped analysts' forecasts by a wide margin as well.
Toys based on "Star Wars," and Disney princesses fueled growth last quarter, Hasbro said. Shares closed up 5.79 percent at $87.18.
"Demand for 'Star Wars: The Force Awakens' products continued to be high, and we benefited from the addition of Disney Princess and 'Frozen' fashion and small dolls," Chief Executive Officer Brian Goldner said in the company's quarterly report."We are very encouraged with global demand and our outlook for 2016."