July 7, 2000 |
Harry Potter won't hit store shelves until Saturday but the youthful wizard is already working his magic on Wall Street. Shares of Scholastic Corp., Jakks Pacific Inc. and Enesco Group Inc. have risen as sharply as the hype surrounding the release of the fourth book about an orphan who attends a school for witches and wizards, "Harry Potter and the Goblet of Fire." All have a piece of the Potter franchise. Scholastic, the U.S. publisher of the series by British author J.K.
August 18, 1998 |
If the toy industry were a big-time wrestling match, Malibu-based toy developer and distributor Jakks Pacific Inc. would be an undisputed underdog to the terrible, towering tag team of Mattel Inc. and Hasbro Inc. With only $65.8 million in market capital, 3-year-old Jakks can't field the variety of games, gadgets and dolls offered by Mattel and Hasbro, worth $11.6 billion and $4.9 billion, respectively.
October 31, 2004 |
Back in 1998, World Wrestling Entertainment Inc., the glitzy promoter of spandex-clad warriors, said it was entering an "exciting new phase." It had signed a deal for Malibu toy company Jakks Pacific Inc. and Calabasas Hills video game maker THQ Inc. to jointly produce video games based on WWE's star wrestlers and wild matches. Jakks was an "obvious choice," WWE's then-licensing chief James Bell said at the time, because it already was licensed to sell WWE toy action figures.
April 24, 2008 |
Toy maker Jakks Pacific Inc., hurt by litigation and product testing costs, reported lower quarterly profit, sending its shares down 8%. First-quarter profit fell to $877,000, or 3 cents a share, from $3.2 million, or 12 cents a share, a year earlier. Sales rose 5.5% to $130.9 million.
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.
August 29, 2001 |
Jakks Pacific Inc., a maker of toys, action figures and video games, and News Corp.'s Twentieth Century Fox movie studio reached a licensing agreement for products related to the animated film "Ice Age." Terms weren't disclosed. Jakks' Flying Colors unit will make plush toys, action figures, lunch boxes and other items linked to "Ice Age," scheduled to be released in the spring, the companies said.
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.