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Hasbro goes from profit to loss in 1Q

Hasbro goes from profit to loss in the first quarter. But the company anticipates full-year profits ahead of four major movie releases in 2012.

The toy maker made a net loss of USD2.5 million in the quarter to 1 April 2011, versus a profit of USD17.1 million in 1Q last year.

(Source: ToyNews)