Hasbro Reports Record Third Quarter Results

Hasbro Reports Record Third Quarter Results is today’s business-side update, the sort of suit-and-spreadsheet news that still decides what games actually reach players.

The useful part: The Company also reaffirmed it is on track to deliver approximately 30% growth in recurring earnings per share in 1999. Worldwide net revenues increased approximately 16% to $1.098 billion, compared to $945.5 million a year ago. Revenue growth was driven primarily by significantly higher shipments of STAR WARS, FURBY and computer-based games, plus POKEMON toys and games. Net earnings and diluted earnings per share increased approximately 14% and 16%, respectively, to $85.2 million and $0.43, respectively. Listed pricing shows $1.09, so this is not vapor sitting on a press sheet.