Hasbro Earns $37.5 Mil in Q1 2008
Earnings at Hasbro rose 14 percent in the first quarter of 2008, according to a story from the Associated Press, which translates to earnings of $37.5 million or 25 cents per share, nearly double what analysts had predicted. Sales of games and puzzles were up 9 percent; while that might sound impressive, compared with other divisions within Hasbro – boys brands grew 29 percent, girls brands 24 percent – games didn’t perform up to par.
Posted by W. Eric Martin on Apr 21, 2008 at 12:30 PM in Game News, Media Watch / 1026
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How about this? “The company also completed its $68 million purchase of board game maker Cranium in the quarter and cut that company’s work force from 80 to 20 employees, Hasbro said.” Lesson to be learned: If Hasbro is out to acquire your company and you are an employee: expect efficiencies… at your expense. How’s that for a tongue twister? Posted by Ryan Bretsch on Apr 21, 2008 at 09:35 PM | #
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Sadly it’s not the same for the other major American players… http://www.npr.org/templates/story/story.php?storyId=89831110&ft=1&f=3 Dale Posted by Dale Yu on Apr 22, 2008 at 04:45 PM | #
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