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Hasbro posts smallest sales beat in 1-1/2 years, shares drop

* Q2 EPS 53 cents vs. est. of 46 cents

* Q2 revenue $972.5 mln vs. est. of $972.4 mln

* Hasbro's shares slump as much as 9.2 pct (Adds analyst, CFO comments; updates shares)

July 24 (Reuters) - Toymaker Hasbro Inc's quarterly sales scraped past analysts' estimates, marking its smallest beat in more than one and a half years, propped up by demand for its Transformers and Nerf toys in the United States.

Hasbro's shares fell as much as 9.2 percent to $105.27 on Monday as investors anticipated another strong quarterly sales beat. Hasbro's stock has risen about 50 percent this year, making it one of the top performers on the S&P 500 index.

"The stock was very strong heading into the quarterly report, so it sets the bar very high," D.A. Davidson analyst Linda Weiser said.

The company's...