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Hasbro profits soar

Published on .

Hasbro, Pawtucket, R.I., posted a 20% increase in fourth-quarter earnings over a year ago, pushed along by its hot Christmas seller, Furby. The U.S.' second-largest toymaker had earnings of $131.8 million on 18% higher sales of $1.3 billion. The company is expected to post another strong year in 1999 with the release of the "Star Wars" first-episode film, for which it has extensive licensing agreements.

Copyright February 1999, Crain Communications Inc.

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