Hasbro beats by $0.49, misses on revs (93.93)
- Reports Q4 (Dec) earnings of $2.30 per share, excluding non-recurring items, $0.49 better than the Capital IQ Consensus of $1.81; revenues fell 1.8% year/year to $1.6 bln vs the $1.72 bln Capital IQ Consensus. Operating profit margin of 17.0%.
- In December 2017, the U.S. enacted the Tax Cuts and Jobs Act that provided significant changes to the U.S. tax code, including a one-time repatriation tax payable over eight years. As a result of the Act, the Company recognized a net charge of $296.5 million. Given the significant complexities associated with the changes in the U.S. tax code, the estimated financial impact for the fourth-quarter and full year 2017 are provisional and subject to further analysis which could result in changes to this estimate during 2018 as further guidance is issued.
- Hasbro's Board of Directors has declared a quarterly cash dividend of $0.63 per common share. This represents an increase of $0.06 per share, or 11%, from the previous quarterly dividend of $0.57 per common share