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• HAS 67% Rate It

Toy maker Hasbro, Inc. ( HAS ) on Monday posted lower-than-expected first quarter earnings and announced it would cut 170 jobs in an effort to cut costs.

The Pawtucket, RI-based company reported first quarter net income of $2.6 million, or 2 cents per share, compared with $17.2 million, or 12 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 4 cents per share.

Sales fell 3% from last year to $648.9 million, hurt mainly in North America.

On average, Wall Street analysts expected a higher profit of 8 cents per share, on larger revenue of $666.5 million.

Hasbro shares fell $1.49, or -4.1%, in premarket trading Monday.

The Bottom Line
We have been recommending shares of Hasbro ( HAS ) since Feb.3, when the stock was trading at $35.14. The company has a 4.01% dividend yield, based on Friday's closing stock price of $35.14.

Hasbro, Inc. ( HAS ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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