July 23 (Reuters) - Toymaker Hasbro Inc reported a better-than-expected quarterly revenue on Tuesday, helped by higher demand for action toys following the blockbuster success of “Avengers: Endgame” and “Spider-Man: Far From Home”.
Net revenue rose 8.9% to $984.5 million and beat the average analyst estimate of $956.8 million, according to IBES data from Refinitiv.
Net income fell to $13.4 million, or 11 cents per share, in the second quarter ended June 30, from $60.3 million, or 48 cents per share, a year earlier.
Reporting by Soundarya J in Bengaluru; Editing by Arun Koyyur
