Hasbro shares soar as 'Star Wars,' 'Frozen 2' toys fueled holiday sales

holiday sales during the fourth quarter, sending shares of the company up about 7% in premarket trading Tuesday.

Net income rose to $267.3 million, or $2.01 per share, in the fourth quarter ended Dec. 29, from $8.8 million, or 7 cents per share, a year earlier. Excluding items, the company earned $1.24 per share, higher than analysts' estimate of 91 cents, according to data from Refinitiv. The reported quarter included a one-time benefit of $102.5 million from gains in foreign currency hedging.Revenue from Hasbro's partner brands unit, which includes sales of toys based on entertainment franchises, rose nearly 50% to $408.5 million in the fourth quarter.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How Racist Star Wars Trolls Drove Kelly Marie Tran From InstagramKelly Marie Tran deleted her Instagram account. She didn’t expect the racist abuse she would suffer from the worst trolls on social media.
Source: Gossip Cop - 🏆 398. / 53 Read more »

Search For The New Gaming Star: Faze Clan To Launch Quibi ShowFaze Clan to launch Quibi show, 'Faze Up,' a reality TV contest centered on recruiting a new gamer to its roster of talent by MattRyanPerez MattRyanPerez LETS GO BABY
Source: Forbes - 🏆 394. / 53 Read more »

Broadway Star Rebecca Luker Reveals ALS Diagnosis: 'I Will Get Well'Rebecca Luker, a three-time Tony Award nominee, shared that she was diagnosed with the disease 'late last year'
Source: people - 🏆 712. / 51 Read more »

Coronation Street star Tisha Merry reveals she feared going bald after anaemia diagnosisCoronation Street star Tisha Merry opened up to fans on her YouTube channel
Source: hellomag - 🏆 24. / 68 Read more »

Strictly star Gemma Atkinson reveals seven-month-old baby Mia is reading on InstagramGemma Atkinson shares daughter Mia with her partner, Gorka Marquez
Source: hellomag - 🏆 24. / 68 Read more »

Robert Conrad, Star of Television Series The Wild Wild West, Dies at 84Robert Conrad, star of television series 'The Wild Wild West,' dies at 84 R.I.P. JamesWest … Robert Conrad The Wild Wild West Wow. I guess he’s looking at us with Michael Dunn, “Miguelito Loveless”. Godspeed, Robert. I used to wonder about Robert Conrad. Wow, he was still alive. RIP.
Source: YahooNews - 🏆 380. / 59 Read more »