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Empresas y finanzas

Hasbro's profit tops Street on cost controls


    NEW YORK (Reuters) - Hasbro Inc reported a higher-than-expected quarterly profit on Monday after tight cost controls helped offset tepid sales.

    The No. 2 U.S. toymaker behind Mattel said second-quarter net profit rose to $43.6 million, or 29 cents a share, from $39.3 million, or 26 cents a share, a year earlier.

    Analysts on average were expecting earnings of 24 cents a share, according to Thomson Reuters I/B/E/S.

    Sales fell 7 percent to $737.8 million, missing the analysts' average forecast of about $748.3 million.

    (Reporting by Dhanya Skariachan; Editing by Lisa Von Ahn)