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Jakks Pacific Inc

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BUSINESS
July 24, 2003 | Abigail Goldman
Shares in Malibu-based Jakks Pacific Inc. fell 11%, one day after company executives surprised investors by announcing sharply lower profit, losing $1.41 to close at $11.28 on Nasdaq. On Tuesday, the toy maker reported net income for the quarter ended June 30 of $3.2 million, or 13 cents a share, including one-time charges, down from $7.8 million, or 36 cents, a year earlier.
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BUSINESS
October 16, 2013 | By Tiffany Hsu
Mattel Inc., the nation's largest toy company, and Barbie, likely its best-known product, are heading into Christmas looking up. The El Segundo-based company reported net income of $422.8 million, or $1.21 a share, for the third quarter, which ended Sept. 30. That's a 16% increase from the year-earlier period, when profit was $365.9 million, or $1.04 a share. Mattel's revenue also surged 6% to $2.2 billion, from $2.1 billion. Both the sales and profit measures beat Wall Street expectations.
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BUSINESS
August 4, 2001 | Bloomberg News
Toy maker Jakks Pacific Inc. ended an agreement to buy 21st Century Toys Inc., a maker of military action figures and accessories, after the two companies failed to agree on a price and other issues. Jakks, which is based in Malibu, didn't release details and would not comment on whether it will pay a termination fee. Jakks shares rose $1.10 to $20.95 on Nasdaq. Alameda, Calif.-based 21st Century Toys is privately held.
BUSINESS
September 15, 2013 | By Ronald D. White
For the last 18 years, Jakks Pacific Inc. has been a player in the ultra-competitive Southern California toy-making business, up against the likes of giant Mattel Inc. in El Segundo and others. But Jakks' roster of toys - including the Smurfs, Monsuno action figures and Winx Club fairy dolls - have not been pulling in the fun for investors. Sales have declined five straight years. In the most recent quarter, revenue fell 27% and the Malibu company lost $46.9 million compared with net income of $214,000 a year earlier.
BUSINESS
January 19, 2006 | From Bloomberg News
Jakks Pacific Inc., the Malibu-based maker of World Wrestling Entertainment Inc. action figures, said it had agreed to buy Creative Designs International Ltd., a Pennsylvania firm that makes girls' dress-up tiaras and vanity tables, for $116.5 million. Acquiring Creative Designs International would provide Jakks with licenses to make dress-up accessories based on Walt Disney Co. characters, Chief Operating Officer Stephen Berman said. Shares of Jakks Pacific surged 75 cents to $20.98.
BUSINESS
March 23, 2001
* Closely held New Jersey toy maker Rose Art Industries said it filed a patent infringement lawsuit against Malibu-based Jakks Pacific Inc., alleging that the rival toy maker copied a children's modeling compound. The complaint takes aim at Jakks Pacific's Zyrofoam, a mass of foam particles and gel that can be molded, like clay or Play-Doh, into shapes.
BUSINESS
October 22, 2003 | From Dow Jones
Malibu-based toy maker Jakks Pacific Inc. said third-quarter profit dropped 31% to $9.6 million, or 39 cents a share, on sluggish sales resulting from the decline in popularity of certain products. The results were in contrast to net income of $14 million, or 58 cents, in the year-earlier quarter. Revenue fell 12% to $90.3 million.
BUSINESS
February 11, 2002 | MEG JAMES, TIMES STAFF WRITER
Jakks Pacific Inc. is continuing its buying binge, agreeing to acquire Toymax International in a $54-million cash-and-stock deal that will further expand the Malibu toy maker's line of products to include water toys and kites. Jakks announced the acquisition Saturday, kicking off the annual Toy Fair in New York. The company is expected to announce today a deal with Walt Disney Co. to create arts and crafts based on classic Disney characters, including Mickey Mouse among others.
BUSINESS
October 16, 2001
Jakks Pacific Inc., a maker of toys, action figures and video games, has secured a $50-million line of credit for acquisitions. Shares of Jakks rose 55 cents to $17.10 on Monday on Nasdaq.
BUSINESS
February 15, 2006 | From Reuters
Toy maker Jakks Pacific Inc. said quarterly net income fell 14%, hurt by taxes on the repatriation of foreign earnings, and forecast disappointing earnings for the current period. The results and outlook sent Jakks shares down more than 6% to $22.63. Jakks said fourth-quarter earnings fell to $9 million, or 30 cents a share, from $10.5 million, or 35 cents, a year earlier. Revenue fell to $166.3 million from $184.8 million.
BUSINESS
October 23, 2007 | From Times Wire Services
Toy maker Jakks Pacific Inc. said third-quarter profit rose because of strong demand for its Cheetah Girls and Hannah Montana toys. Earnings climbed to $47.3 million, or $1.45 a share, from $40.5 million, or $1.26, a year earlier. Revenue rose to $318.4 million from $295.8 million. Analysts on average had expected profit of $1.30 a share on about $300.8 million in sales, according to Reuters Estimates.
BUSINESS
July 26, 2007 | From Times Wire Services
Toy maker Jakks Pacific Inc. said Wednesday that its second-quarter profit fell 21% as higher costs offset a rise in sales. For the quarter ended June 30, net income fell to $5 million, or 17 cents a share, from $6.4 million, or 22 cents, a year earlier. Analysts polled by Thomson Financial had expected earnings per share of 25 cents. Sales rose 4% to $129.5 million. Analysts had predicted revenue of $130.6 million.
BUSINESS
April 27, 2007 | From Times Wire Services
Regal Entertainment Group, the world's largest cinema operator, said first-quarter profit jumped on proceeds from the initial public offering of National CineMedia Inc. Net income increased to $229.1 million, or $1.46 a share, from $11.2 million, or 7 cents, a year earlier, Knoxville, Tenn.-based Regal said. Sales rose 6.8% to $625 million, beating the $598.3-million average estimate of analysts surveyed by Bloomberg. --- Broadcom Corp.
BUSINESS
October 20, 2006 | Abigail Goldman, Times Staff Writer
Jakks Pacific Inc., the Malibu-based toy maker behind this year's flying car, saw its stock take off Thursday after the company reported better-than-expected sales and earnings. Jakks said third-quarter net income rose 24% to $40.5 million, or $1.26 a share, from $32.7 million, or $1.05, a year earlier. Sales grew for the first time in four quarters, up 27% to $295.8 million from $233.5 million a year earlier.
BUSINESS
February 15, 2006 | From Reuters
Toy maker Jakks Pacific Inc. said quarterly net income fell 14%, hurt by taxes on the repatriation of foreign earnings, and forecast disappointing earnings for the current period. The results and outlook sent Jakks shares down more than 6% to $22.63. Jakks said fourth-quarter earnings fell to $9 million, or 30 cents a share, from $10.5 million, or 35 cents, a year earlier. Revenue fell to $166.3 million from $184.8 million.
BUSINESS
January 19, 2006 | From Bloomberg News
Jakks Pacific Inc., the Malibu-based maker of World Wrestling Entertainment Inc. action figures, said it had agreed to buy Creative Designs International Ltd., a Pennsylvania firm that makes girls' dress-up tiaras and vanity tables, for $116.5 million. Acquiring Creative Designs International would provide Jakks with licenses to make dress-up accessories based on Walt Disney Co. characters, Chief Operating Officer Stephen Berman said. Shares of Jakks Pacific surged 75 cents to $20.98.
BUSINESS
April 21, 2005 | From Associated Press
Jakks Pacific Inc., a consumer goods vendor that makes products as diverse as toys and writing instruments, reported that first-quarter profit more than doubled as the company realized an 82% jump in sales. Quarterly income was $10.1 million, or 34 cents a share, compared with $3.8 million, or 15 cents, a year earlier. Revenue soared to $134.7 million, up from $74 million recorded during last year's first quarter.
BUSINESS
October 20, 2005 | From Reuters
Toy maker Jakks Pacific Inc. on Wednesday reported a 41% increase in third-quarter earnings as sales rose 13%. Malibu-based Jakks said third-quarter net income rose to $32.8 million, or $1.05 a share, from $23.3 million, or 76 cents, a year earlier. The company -- maker of Cabbage Patch Kids dolls, Care Bears and Plug It In & Play TV Games -- said revenue rose to $233.5 million from $206.1 million. The results came after Mattel Inc. and Hasbro Inc.
BUSINESS
July 21, 2005 | From Reuters
Toy maker Jakks Pacific Inc. posted higher second-quarter earnings but missed Wall Street estimates. Net income rose to $11.6 million, or 39 cents a share, in the quarter ended June 30. That compares with $6 million, or 22 cents, a year earlier. Sales rose 16% to $127.1 million. Malibu-based Jakks said results were helped by its June 2004 acquisition of Play Along, the maker of Care Bears and Cabbage Patch Kids. Analysts on average had expected Jakks to earn 41 cents a share on sales of $136.
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