My Little Pony sales fuel Hasbro's earnings growth

Sales for Hasbro products marketed toward girls rose 21 percent.
By Kate Stanton Follow @KateStan Contact the Author   |   April 22, 2014 at 6:51 PM

NEW YORK, April 22 (UPI) -- Buoyed in large part by My Little Pony's well-documented comeback, Hasbro blew past earnings expectations in the first quarter and swung to a profit.

After reporting losses last year, the toy company posted a first-quarter net income of $32 million.

While competitor Mattel posted a surprising loss -- Barbie isn't doing so well -- Hasbro's line of girls' products saw a 21 percent sales increase.

Its boys' division, meanwhile, increased by only 2 percent, while games sales fell 4.5 percent.

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