PAWTUCKET, Rhode Island — Hasbro Inc. (HAS) on Monday reported third-quarter profit of $180.5 million.
The Pawtucket, Rhode Island-based company said it had profit of $1.40 per share. Earnings, adjusted for restructuring costs, were $1.46 per share.
The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.
The toy maker posted revenue of $1.47 billion in the period, meeting Street forecasts.
Hasbro shares have dropped 2 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 2 percent. The stock has risen 14 percent in the last 12 months.