Hasbro 1Q loss widens on restructuring charge


Hasbro, said its first-quarter loss, due to the absorption of toy manufacturers heavy restructuring costs and exchange rate flattened international revenue. Still plays better than Wall Street expected.
Pawtucket, Rhode Island said transformer and monopoly manufacturer, it lost $6.7 million, or 5 cents per share, in the three months ended 31st March 2010. Compared with a loss of $2.6 million, or 2 cents per share, a year ago.
But the hasbro company restructuring charges exclude earned 5 cents per share. Analysts expect adjusted 4 cents per share earnings.
Revenue rose more than $663700000 although 2% hit more than $3 million in foreign exchange rates.
Analysts expect revenue of $642100000.

<>Hasbro 1Q loss widens on restructuring charge

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