Hasbro Reports First Quarter Results
"Highlights
"-- Net revenues were down 4%, to $454.9 million compared to $474.2 million a year ago;
"-- Net loss of ($3.7) million, or ($0.02) per diluted share, compared to net earnings of $6.5 million, or $0.03 per diluted share in 2004;
"-- Toy segment net revenues were up 9%, reflecting the initial shipment of STAR WARS products in advance of the May 19th movie release;
"-- Balance sheet continues to be strong, ending the quarter with cash, net of debt of $237.9 million.
"Hasbro, Inc. (NYSE: HAS) today reported first quarter results. Worldwide net revenues for the quarter were $454.9 million compared to $474.2 million a year ago and included a $7.0 million positive impact from foreign exchange. The Company reported a net loss for the quarter of ($3.7) million or ($0.02) per diluted share, compared to net earnings of $6.5 million or $0.03 per diluted share in 2004."
