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Movie buzz drives Hasbro’s earnings up

Hasbro’s “Transformers” toys sold well last quarter.SANDY HUFFAKER/Reuters/file

Hasbro Inc. on Monday noted a 10 percent increase last quarter in its boy division’s sales, driven by excitement for the “Jurassic World” movie coming out in June and by Transformers and Nerf toys. The toy maker’s better-than-expected earnings report made it the biggest gainer on the S&P 500 Monday. Overall sales rose for the quarter, as did revenue. Hasbro also announced that it has a Play-Doh movie in the works, and a fifth film in the “Transformers” franchise is expected in 2017.