The toymaker behind such brands as Monopoly, Transformers, and My Little Pony, gave Wall Street a pleasant surprise on Monday when it posted sales results that suggest it is learning to live without Toys ‘R’ Us more quickly than expected. That was reassuring news for shareholders as they start to think about the holiday season.

Hasbro shares rose as much as 10% in pre-hours trading after it said that sales for the fiscal quarter ended in late June fell 7% to $904.5 million from the year-earlier period, a result much better than Wall Street’s forecast for $833 million. That was also a much slower sales decline than the company reported in the first quarter. Profit was significantly down too, but at $60.3 million, or 48 cents a share, it…