(Source: Datamonitor)
Hasbro, a US-based toy company, has reported net earnings of $150.36 million, or $0.99 per diluted share, for the third quarter ended September 27, 2009, compared to $138.23 million, or $0.89 per diluted share, for the third quarter ended September 28, 2008.
For the third quarter of 2009, total revenues were $1.28 billion, a 2% decrease, compared to $1.3 billion for the same period of 2008.
Net earnings for the first nine months ended September 27, 2009 were $209.37 million, or $1.39 per diluted share, compared to $213.18 million, or $1.39 per diluted share, for the corresponding period of 2008. Net revenues for the first nine months of 2009 were $2.69 billion, compared to $2.79 billion for the same period of 2008.
Brian Goldner, president and CEO of Hasbro, said: "Hasbro performed well in what is continuing to be a challenging global environment. We grew revenues absent the impact of foreign exchange and we grew earnings and earnings per share including the dilution from the investments we are making in our joint venture with Discovery Communications and Hasbro's virtual studio."
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