Hasbro Toybroker's quarterly revenue, higher earnings estimates

(Reuters) – Toymaker Hasbro Inc. ( HAS.O ) surpbaded Wall Street's estimates in terms of earnings and turnover in the second quarter, following the worst effects of the Bankruptcy of Toys' R & # 39; Us last year. sending his shares up nearly 7 percent in trade before the sale.

Hasbro, as of other manufacturers of American toys, was hit hard by the earlier- The planned collapse of Toys 'R'. Us and the announcement of his worst result for the second half of the year.

"We seek to overcome the short-term disruption of the loss of a significant customer, with a clear path forward including new activations of retailers to meet consumer demand by departing of Toys' R 'Us'. Brian Goldner said in a statement.

Net income decreased to $ 60.3 million, or 48 cents per share, in the second quarter ended July 1, from $ 67.7 million, or 53 cents per share, a year ago .

Analysts had forecast earnings of 29 cents a share, according to Thomson Reuters I / B / E / S.

The company's turnover fell 7% to 904.5 million dollars during the quarter, but was nearly half of the decline expected by badysts. Analysts on average estimated revenue of $ 833.1 million.