UPDATE: Hasbro Reports 33% Surge In Q2 Profit

Hasbro Inc HAS reported a 33% rise in its second-quarter net profit. Hasbro's quarterly net profit surged to $58.1 million, or $0.42 per share, from $43.6 million, or $0.29 per share, in the year-earlier period. Its sales rose 23% to $908.5 million. Excluding one-time items, Hasbro's earnings came in at $0.33 per share. Analysts were expecting earnings of $0.39 per share on sales of $848.8 million. Hasbro shares gained 0.15% to close at $41.37 on Friday.