TFW2005
Hisstank
Thundercats
TokuNation
Toyark
Home
News
G.I. Joe Movie
G.I. Joe Classified
G.I. Joe Vintage
Compatible Military Toys
G.I. Joe Comics
G.I. Joe Conventions
All News Categories
Photo Shoots
Database
G.I. Joe Database Index
G.I. Joe Classified
G.I. Joe 25th Anniversary
G.I. Joe Resolute
G.I. Joe Movie
G.I. Joe Pursuit of Cobra
G.I. Joe Renegades
G.I. Joe 30th Anniversary
G.I. Joe Retaliation
G.I. Joe Basic
G.I. Joe 50th Anniversary
G.I. Joe Con & Club
G.I. Joe FSS
Forum
Recent Posts Page
Characters
Snake Eyes
Cobra Commander
Destro
Baroness
Storm Shadow
Roadblock
Companies
Fun Pub
IDW
DeNA
Sideshow
Gentle Giant
Boss Fight
Ori Toy
Marauder
HissTank.com
>
HissTank.com - G.I. Joe
Integration
User Name
Remember Me?
Password
Rules
Register
Community
Today's Posts
Search
Community Links
Social Groups
Pictures & Albums
Members List
Search Forums
Show Threads
Show Posts
Advanced Search
Go to Page...
Thread
:
Live Action G.I. Joe Movie 2009 Starts Filming Today!
View Single Post
02-11-2008, 03:20 PM
DESTRO
Overlord of Evil
Join Date: Apr 2000
Location: Philly
Posts: 11,489
Full Story:
PROVIDENCE, R.I. - Hasbro Inc., the world's second-largest toymaker, said Monday its fourth-quarter profit rose 24 percent on a 16 percent increase in sales driven by its core brands like Transformers, Littlest Pet Shop and Star Wars.
ADVERTISEMENT
The company, which also makes Nerf and Playskool brands and board games like Monopoly and Operation, said it plans price increases this year to offset rising costs. Hasbro has avoided the lead-paint related recalls that plagued many of its competitors.
Its shares rose almost 2 percent in morning trading.
Hasbro said its profit rose to $133.7 million, or 84 cents per share, in the three months ended Dec. 30 from $108.3 million, or 62 cents a share, a year earlier.
Wall Street expected the company to report earnings of 81 cents per share for the latest quarter. The estimates typically exclude one-time items.
Sales climbed to $1.3 billion from $1.1 billion a year earlier.
Larger rival Mattel Inc. recently posted a 15 percent rise in its fourth-quarter profit, but faced negative publicity because of its recalls of millions of Chinese-made toys tainted with lead.
President and Chief Executive Alfred J. Verrecchia said that due to a 14 percent to 15 percent increases in costs, there will be price increases in 2008 because the company plans to hold its margins steady with those of 2007. He said he expected a strong 2008.
"We're in good shape inventory-wise. We've got a lot of momentum," he said.
This year, Hasbro expects Transformers to continue doing well due to an animated series that started in January. Star Wars and Spider-Man are also expected to release animated shows later this year.
Two Hasbro-related live-action movies are scheduled to be released in 2009 — Transformers 2 and G.I. Joe, based on the Hasbro action figure starts shooting Monday, Verrecchia said. Despite a Hollywood writers strike, there were no delays in the movies' production schedules, he said.
Hasbro's international revenues grew 29 percent to $489.2 million for the quarter, partly on better foreign exchange rates and also on the success of Transformers, Marvel, Littlest Pet Shop and other lines.
For the full year, Hasbro earned $330 million, or $1.97 a share, up from $230.1 million, or $1.29 a share, a year ago. Excluding taxes and the company's repurchase of outstanding warrants held by Lucasfilm Ltd. and Lucas Licensing Ltd., per share earnings were $2.03, the company said. Its revenue for the full year rose to $3.84 billion from $3.15 billion a year earlier.
The company this year repurchased 20.8 million shares of common stock at $587 million.
Its shares rose 49 cents, or 1.9 percent, to $26.36 in morning trading Monday after rising as high as $26.99 earlier in the session.
.
http://news.yahoo.com/s/ap/20080211/...arns_hasbro_12
__________________
DESTRO
View Public Profile
Send a private message to DESTRO
Visit DESTRO's homepage!
Find More Posts by DESTRO
Sponsors
Recent Threads
G.I. Joe Classified Series Official Thread 2024!
Pick the next VAMP-level vehicle
Movies Unlimited updates
Top 5 LEAST liked characters or figures from GI Joe
Marauder Task Force Super Thread
Classified Scarlett (Retro)
Every Classified Figure Ranked / Classified Figure...
Best of the 80s Custom Project
Customizer's Water Cooler
G.I.Joe Classified Picture thread
Cobra Desert Razorback RC
Bazooka upgrade! (Thanks Metal-head)
G.I. Joe: Wrath of Cobra New Video Game
Boss Fight Studio Action Figure Line
Super7 Ultimates (Could-be the Official) Thread
Delta-17 o-ring line
Black Out
Duke #5 (Spoilers)
Operation Mosterforce - New 1/12 Line of Figures from...
Super7 x G.I. Joe REACTION and O-RING!
I WANT TO ARGUE! Part XXI, About the 2024 HasLab
Definitive Best 2001 Figure Poll
Do you remember your first?
Classified Snake Eyes 2096
Contest?
Recent Off Topic Threads
Hisstank Late Night thread...
What song are you listening to?
G.I. Joe March Madness 2024 Round 3 Dreadnok...
G.I. Joe March Madness 2024 Championship Battle Armor...
Joy Toy's Dark Source Line
Recent B/S/T Threads
looking for weapons and assorted pieces 25th Ann -50...
80s GI Joe Vehicles & Aircraft
Hellion42's BST list
Wtb 82-83 file cards or?.
Closet Cleanout...
Vintage Tomahawk for sale, 99% complete
FOR SALE: "Master of Disguise" Zartan, Pulse...
MagicWazard's B/S/T thread