FRANKFURT (MarketWatch) -- Toymaker
Hasbro Inc. on Monday reported fourth-quarter net earnings of $139.1 million, or $1.06 a share, versus $140 million, or 99 cents a share, in the same period a year earlier. Analysts surveyed by FactSet Research had produced a consensus forecast of $1.06 a share. The Pawtucket, R.I.-based company said it repurchased 10.5 million shares of common stock during 2011 at a total cost of $423 million, including 1 million shares in the fourth quarter. Fourth-quarter net revenues rose 4% to $1.33 billion. "Despite the challenges we encountered in 2011, we grew our business, effectively managed our capital structure and maintained a healthy balance sheet. For the full-year 2012, absent the impact of foreign exchange, we expect to again grow revenues and earnings per share," said Deborah Thomas, Hasbro chief financial officer.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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