July 29, 2009 |
Toy company Jakks Pacific Inc. posted a second-quarter loss, citing the weak retail environment, and lowered its full-year guidance. The Malibu company lost $406.5 million, or $14.96 a share, down from a profit of $4.2 million, or 15 cents, a year earlier. Excluding one-time charges, Jakks reported an adjusted loss of $900,000, or 3 cents a share. Sales fell to $144.8 million from $145.3 million. For the year, Jakks now expects a loss of $375.6 million, or $13.54 a share, on sales of $810 million, and adjusted profit of $1.01 a share.
April 24, 2009 |
Toy maker Jakks Pacific Inc. reported a bigger first-quarter loss than expected and lowered its 2009 guidance. The loss totaled $10.8 million, or 40 cents a share, compared with a year-ago profit of $877,000, or 3 cents. Revenue fell 17% to $108.7 million. The Malibu-based company lowered its outlook to $1.70 to $2 per share from previous guidance of $2.25. Jakks Pacific shares fell $2.13 to $11.30.
February 19, 2009 |
Toy maker Jakks Pacific Inc. said fourth-quarter profit dropped 49%, hurt by a difficult holiday season and weak sales of Hannah Montana and Care Bears toys. Net income fell to $16.9 million, or 55 cents a share, from $33.4 million, or $1.03, a year earlier. Revenue declined 6% to $269.3 million. Analysts polled by Thomson Financial predicted a profit of $1.05 a share on revenue of $278.9 million. Shares of Malibu-based Jakks Pacific fell 96 cents to $15.81.
October 22, 2008 |
Toy maker Jakks Pacific Inc. reported 14% higher third-quarter profit on gains from a tax benefit and higher sales as it had solid results in its dolls, action figures and electronic toy lines. Jakks' profit rose to $54.1 million, or $1.70 a share, from $47.3 million, or $1.45, a year earlier. Sales rose 12% to $357.8 million. Shares fell 27 cents, or 1.3%, to $20.25.
October 23, 2002 |
Toy maker Jakks Pacific Inc. said third-quarter net income rose more than 27%, a result of cost cutting, new products and the company's best-ever quarterly sales. The Malibu-based maker of World Wrestling Entertainment action figures and Pentech pens said Tuesday that it earned $14 million, or 58 cents a share, for the three months ended Sept. 30, up from $10.9 million, or 56 cents, in the same period a year ago. Sales for the period rose more than 10% to $102.6 million, up from $92.
August 30, 2008 |
Shares of Jakks Pacific Inc., the toy maker that sells Dora the Explorer products, rose 7.1% after the company said the Connecticut state court had dismissed bribery and antitrust claims initiated by World Wrestling Entertainment Inc. WWE filed a complaint against Malibu-based Jakks in October 2006 that alleged that there had been improper sales of WWE games in Asia, Jakks said in an Aug. 11 regulatory filing. Related litigation was filed in 2004 in federal court in New York and later dismissed.