Hasbro 1st-Qtr loss widens on restructuring charge, but performance tops analyst expectations

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In this Tuesday, Feb. 5, 2013, photo, the newest Monopoly token, a cat, rests on a Boardwalk deed next to a die and houses at Hasbro Inc. headquarters, in Pawtucket, R.I. Hasbro Inc. reports quarterly financial results before the market opens on Monday, April 22, 2013.(AP Photo/Steven Senne)

PAWTUCKET, R.I. – Hasbro says its first-quarter loss widened as the toy maker absorbed heavy restructuring charges and foreign exchange rates flattened its international revenue. The performance still topped Wall Street expectations.

The Pawtucket, R.I., maker of Transformers and Monopoly says it lost $6.7 million, or 5 cents per share, in the three months ended March 31. That compares with a loss of $2.6 million, or 2 cents per share, a year ago.

But Hasbro Inc. earned 5 cents per share when a restructuring charge is excluded. Analysts expected adjusted earnings of 4 cents per share.

Revenue rose more than 2 per cent to $663.7 million despite a hit of more than $3 million from foreign exchange rates.

Analysts expected $642.1 million in revenue.

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