Hasbro wallops expectations with Spiderman's help

Hasbro Inc. on Monday posted a profit that trounced expectations, on strong sales of Spiderman toys and its Littlest Pet Shop and Playskool brands.

First-quarter net income at the nation's No. 2 toy maker climbed to $32.9 million, or 19 cents a share, compared with a year-earlier loss of $4.9 million, or 3 cents a share.

Revenue rose 34 percent to $625.3 million from $468.2 million during the first-quarter, a period that is historically less critical to toy makers than the fourth quarter.

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- Posted: 2007-04-23 10:11:30

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