Hasbro, V.F. Beat on Earnings, Fall Short on Revenues

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By Trey Thoelcke Published
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Hasbro Inc. (NASDAQ: HAS) and V.F. Corp. (NYSE: VFC) this morning reported a better-than-expected third-quarter profits, but each fell short of revenue projections.

The toy maker posted adjusted earnings per share (EPS) of $1.24 on revenues of $1.35 billion. In the same period a year ago, the company reported EPS of $1.27 on revenues of $1.38 billion. Third-quarter results also compare to the Thomson Reuters consensus estimates for EPS of $1.20 and $1.38 billion in revenues.

Hasbro blamed unfavorable foreign exchange rates and weak sales in Europe and the Asia for the declining results.

The apparel maker posted earnings of $3.52 per share and sales of $3.12 billion. In the year-ago period, the company reported EPS of $2.87 on $2.75 billion in revenue. The Thomson Reuters consensus estimates called for EPS of $3.49 and revenue of $3.17 billion.

But V.F. raised its full-year EPS guidance to above the consensus estimate, and also raised its dividend 21%.

V.F. shares are down more than 5% in premarket trading to $157.50. Its 52-week range is $125.55 to $169.82. Hasbro shares are inactive in premarket trading but ended last week at $39.05 in a 52-week range of $31.51 to $39.98.

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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