Hasbro shifting more toys outside the United States as earnings rise

City A.M. Reporter
TOY GROUP Hasbro yesterday topped Wall Street’s profit estimates in the third quarter as strong overseas demand and cost controls helped overshadow weakness at home.

The company behind Monopoly and My Little Pony continues to operate in “a challenging economic environment in many developed economies”, chief executive Brian Goldner said in a conference call.

Revenue rose 11 per cent to $582.7m (£360.6m) at Nasdaq-listed Hasbro’s international unit, but fell five per cent to $735.6m in the United States and Canada.

Net earnings rose to $193m from $164.9m a year earlier.

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