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The
No. 2 U.S. toymaker's shares rose about 3.4 percent to $78.75 in
premarket trading on Monday.
Net revenue in toys targeted at girls - Hasbro's second-largest
business - jumped 56.7 percent in the third quarter ended Sept.
25, driven by a rise in shipments of Disney Princess, Frozen and
Dreamworks' Trolls dolls as well as growth in Baby Alive and
Furby toys.
Trolls dolls hit shelves in August, ahead of a Nov. 4 release of
the DreamWorks film "Trolls".
Rival toymaker Mattel Inc lost the lucrative contract for dolls
based on Walt Disney Co's princesses such as Cinderella and Snow
White to Hasbro in 2014.
Net income attributable to Hasbro rose to $257.8 million, or
$2.03 per share from $207.6 million, or $1.64 per share, a year
earlier. Analysts on average had expected $1.74 per share,
according to Thomson Reuters I/B/E/S.
The Pawtucket, Rhode Island-based company's revenue rose 14.2
percent to $1.68 billion, handily beating the average analyst
estimate of $1.56 billion.
(Reporting by Gayathree Ganesan in Bengaluru; Editing by Martina
D'Couto)
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