Hasbro Inc. (NYSE:HAS) released its earnings for the three months ended September 30 2013 this morning before the market opened on Wall Street. The toy company showed earnings of $1.46 per share for the third quarter of the year on revenue totaling $1.37 billion. Hasbro Inc. (NYSE:HAS) was trading up a fraction in pre-market as a result of the earnings report.

Hasbro

In the same three months of 2012 Hasbre Inc. (NYSE:HAS) managed to earn $1.24 per share on revenue totaling $1.35 billion. Analysts studying the company were looking for earnings per share of $1.29 on revenue of $1.3 billion from the company this time around. The beat may look big, but headline numbers rarely tell the full story.

Hasbro earnings

The $1.47 per share that Hasbro Inc. (NYSE:HAS) reported today includes around 16 cent in once-off tax benefits. That means that the per share earnings should really be pegged at 16 cents by investors. Hasbro Inc. (NYSE:HAS) Says that the better than expected results came from improvements in its Girls and Games businesses, as well as Entertainment and Licensing.

Hasbro Inc. (NYSE:HAS) seemed to gloss over the huge losses it sustained in its Boys business during the third quarter. The segment was down 19% year on year in today’s earnings report. The firm has been able to replace it with income from other areas, but Hasbro’s inability to keep that market onside will worry some investors.

Hasbro performance

Hasbro Inc. (NYSE:HAS) have performed well through 2013. The company’s shares are up more than 30% for the year so far, though they have been steady for much of the year since April. Shares in the firm are priced at a 2012 P/E above 19.That number indicates a belief that growth is around the corner, but it is comparable to other toy companies.

Executives from Hasbro Inc. (NYSE:HAS) will host a conference call to discuss this morning’s earnings at 9:30 AM EST.