TV Production Business Boosts Hasbro as Toy Shipments Take a Hit

TV Production Business Boosts Hasbro as Toy Shipments Take a Hit
A Monopoly board game by Hasbro Gaming is seen in this illustration photo on Aug. 13, 2017. Thomas White/Illustration/Global Business Week Ahead/Reuters
|Updated:

Hasbro Inc. beat quarterly profit estimates on Tuesday, helped by a rebound in its TV and film production business that cushioned some of the impact from toy shipment delays due to global supply chain bottlenecks.

The toymaker’s shares rose 5 percent in early trading, despite the company’s warning that its sales could take a hit during the crucial holiday shopping season.