Hasbro Profit Tops Estimates on Record Quarter in Games Unit (1)

Hasbro Inc., the largest US toy company, reported second-quarter earnings that beat analyst estimates led by demand for its Wizards of the Coast role-playing games.

“Wizards of the Coast turned in its biggest quarter ever, led by 15% growth in tabletop gaming and 11% growth in Magic: The Gathering across platforms,” Chief Executive Officer Chris Cocks said in a statement Tuesday. Overall revenue for the division rose 3%.

Hasbro reported profit of $1.15 a share, excluding some items, better than the 93 cents that analysts predicted. Revenue rose 1% from a year earlier to $1.34 billion, missing the $1.37 …

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