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Hasbro beats estimates on strong demand for Disney Princess dolls

A Transformers statue stands on display at the Hasbro booth during the 2014 Comic-Con International Convention in San Diego, California July 25, 2014.

Toymaker Hasbro Inc (HAS.O) reported higher-than-expected quarterly profit and revenue, driven by strong demand for its Disney Princess and Frozen dolls and its action figures based on "Star Wars" movies.

However, sales growth in its biggest business - toys targeted at boys - dropped to 4 percent in the second quarter from 24-32 percent in the prior three quarters.

The No.2 U.S. toymaker's shares fell as much as 6.4 percent in morning trading on Monday. The stock was the biggest percentage loser on the S&P 500 index.

The slowdown in the boys category is "worrisome", Jefferies analyst Trevor Young...


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