Hasbro Inc. reported Monday that first-quarter profit rose three-fold from a year ago, aided by a favorable tax adjustment, as sales rose on demand for Littlest Pet Shop, Monopoly board games and Nerf toys.

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File - In this Feb, 13, 2009 file photo, the Golden anniversary Barbie, left, is shown with a Generation of Dreams Barbie, on display by Mattel at the Javits Center in New York.

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