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Hasbro profit beats consensus by 94.4% in fiscal Q1

Hasbro Inc. said its normalized net income for the fiscal first quarter ended March 29 amounted to 18 cents per share, compared with the S&P Capital IQ consensus estimate of 9 cents per share.

EPS increased 39.2% year over year from 13 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $22.3 million, an increase of 32.5% from $16.8 million in the year-earlier period.

The normalized profit margin rose to 3.1% from 2.5% in the year-earlier period.

Total revenue climbed 5.0% year over year to $713.5 million from $679.5 million, and total operating expenses grew on an annual basis to $659.3 million from $636.0 million.

Reported net income declined 16.7% from the prior-year period to $26.5 million, or 21 cents per share, from $31.9 million, or 24 cents per share.