Hasbro ( HAS ) announced that its board has authorized the repurchase of up to $350 million in common stock, which replaces all other buyback plans. The company also declared a cash dividend of 9 cents which will be payable on August 5 to shareholders of record as of August 1. The stock was unchanged at $20.52. Sharper Image undefined reported a loss of $4.6 million, or 30 cents a share, for the first quarter ended April 30, versus earnings of $1.9 million, or 12 cents a share, a year ago. Revenue for the quarter was $144.9 million. Analysts expected a loss of 31 cents a share on revenue of $144.6 million, according to Thomson First Call. Same store sales decreased 16% for the first quarter, compared with an increase of 8% a year ago. For the second quarter, the company expects a loss of 40 cents to 45 cents a share, well below Wall Street 's forecast of a loss of 16 cents a share. The stock was down $3, or 21.45%, to $10.95 in after-hours trading.