India, May 20 -- Hasbro Inc. (HAS), a games, intellectual property and toy company, on Wednesday reported sharply higher first-quarter profit, mainly driven by revenue growth.
Net earnings attributable to Hasbro climbed to $198.4 million or $1.39 per share from $98.6 million or $0.70 per share last year.
Excluding one-time items, adjusted earnings were $211 million or $1.47 per share.
Operating profit rose to $270.3 million from $170.7 million a year earlier.
EBITDA increased to $311.8 million from $212.4 million last year, and adjusted EBITDA grew to $339.4 million from $274.3 million.
Net revenues rose to $1.000 billion from $887.1 million in the previous year.
The board declared a quarterly dividend of $0.70 per share payable on Ju...