Hasbro 4Q profit slips partly on stronger dollar

[February 09, 2009]  PAWTUCKET, R.I. (AP) -- Toy maker Hasbro says its fourth-quarter profit fell an unexpectedly sharp 30 percent on a stronger U.S. dollar and the economic slowdown.

Consumers have tightened discretionary spending due to the recession and unemployment concerns.

The Pawtucket, R.I.-based maker of Scrabble and Monopoly said Monday it earned $93.6 million, or 62 cents per share, in the October-December quarter. That is down from $133.7 million, or 84 cents per share, a year earlier.

Hasbro Inc. says revenue dipped 5 percent to $1.23 billion.

Thomson Reuters says analysts forecast profit of 75 cents per share on sales of $1.27 billion.

[Associated Press]

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