10:28 AM EST - Mega Brands : says profits were hurt in the fourth quarter as the toy maker’s holiday sales came in lower, particularly in the United States. The Montreal-based company, which reports in U.S. dollars, says net income declined to US$234,000 from $11.3 million a year earlier. On a per share basis, the results were equal to a loss of 14 cents per share versus a profit of 17 cents per share a year earlier. Mega Brands says revenues across its operations fell three per cent in the quarter, below analyst expectations. The company posted sales of $108.5 million, which was down from $111.8 million a year-ago and below a prediction of $120 million, according to a poll by Thomson Reuters. Mega Brands
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