Hasbro Misses Outlook for 4th Quarter

Hasbro Inc.’s fourth-quarter profit was lower than analysts’ estimates, sending its shares down.

The second-biggest toy manufacturer, based in Pawtucket, R.I., had fourth-quarter net income of $52.5 million, or 30 cents a share, compared with a loss of $180.1 million, or $1.05, a year earlier. Sales fell 15% to $988.7 million.

Hasbro’s shares fell $1.04 to $14.35 on the NYSE.