PAWTUCKET, R.I. (AP) -- Toy maker Hasbro Inc. says its second-quarter net income dropped 25 percent on the stronger dollar and weak game sales. But its earnings still beat analysts' expectations.
The maker of Scrabble and Transformers toys reported Monday that its net income fell to $43.4 million, or 33 cents per share, for the period ended July 1. That's down from $58.1 million, or 42 cents per share, a year ago.
Analysts expected earnings of 24 cents per share.
Revenue for the Pawtucket, R.I., company declined 11 percent to $811.5 million. That missed Wall Street's estimate of $832 million. Revenue for the U.S. and Canada fell 19 percent.
Last week Hasbro's rival, Mattel Inc. said that its net income rose 20 percent on lower costs and strength in its Barbie and American Girl dolls.