Hasbro Announces Preliminary 2012 Results, Job Cuts

In its preliminary 2012 results released today, Hasbro (NASDAQ: HAS  ) expects that it will post revenue of around $4.1 billion for the full year, down from 2011's $4.3 billion. Net profit is expected to come in at $2.73-$2.75 per diluted share, excluding Q4 restructuring charges. That's down from the $2.82 of the previous year.

The company added that it will reduce its workforce by roughly 10% this year. It expects to take a $20 million-$30 million charge for this and other cost-saving measures.

Hasbro will provide fuller details of its fiscal 2012 and Q4 earnings in a conference call scheduled for Feb. 7.


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