Hasbro Inc. (NYSE: HAS) today posted 2007 net income $330.00 million, an increase of 44.7 percent from 2006’s record profit of $230.06 million, on net revenue that increased 22 percent to $3.84 billion worldwide. Earnings per diluted share surged 53 percent to $1.97 from the previous year’s $1.29 per share.

The 2007 results included a one-time credit of $29.6 million or 17 cents per diluted share from a favorable tax adjustment in the third quarter. The 2007 full-year results also included a one-time expense of $44.4 million or 23 cents per diluted share related to the Lucasfilm Ltd. and Lucas Licensing Ltd. warrants to purchase 15.76 million shares that Hasbro retired in May at a cost of $200 million, compared with a similar 2006 expense of $31.8 million or 14 cents per diluted share, Hasbro said...

 

Full Story: Hasbro profit rises 44.7% in third record year Source: Providence Business News, February 11th, 2008 Author: Susan A. Baird Added on February 11th, 2008 at 2:22 pm, by Judy He