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View Full Version : Toy maker Hasbro loses $2.6M in 1st quarter on severance costs, revenue declines



Newsbot
04-23-2012, 10:10 AM
Hasbro Inc. posted a first-quarter loss on Monday mostly on hefty severance costs as revenue declined. The results from the maker of Monopoly and Transformers missed Wall Street estimates, and its shares tumbled more than 4 per cent in premarket trading.


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The first quarter is typically quiet for toy makers, especially compared with the run-up to the crucial holiday season. But first-quarter results do indicate how willing

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