PAWTUCKET, R.I. (AP) _ Hasbro Inc. (HAS) on Wednesday reported a first-quarter loss of $69.6 million, after reporting a profit in the same period a year earlier.

The Pawtucket, Rhode Island-based company said it had a loss of 51 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs, were 57 cents per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.

The toy maker posted revenue of $1.11 billion in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $1.16 billion.

Hasbro shares have declined 26% since the beginning of the year, while the Standard & Poor's 500 index has decreased 11%. The stock has declined 23% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HAS at https://www.zacks.com/ap/HAS

Automated Insights, source Associated Press News