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Jakks Pacific Inc

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.
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BUSINESS
October 23, 2002 | Abigail Goldman, Times Staff Writer
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.
BUSINESS
October 21, 2004 | Melinda Fulmer, By Melinda Fulmer Times Staff Writer
Shares of toy maker Jakks Pacific Inc. continued their plunge Wednesday, falling 31%, a day after the Malibu-based company was sued over a bribery scheme by the licensor of a popular toy and video game. Jakks dropped $5.85 to close at $12.96 on Nasdaq. The company's shares have lost about half of their value since Tuesday after World Wrestling Entertainment Inc.
BUSINESS
February 14, 2002 | From Times Wire Services
Jakks Pacific Inc., which makes toys including World Wrestling Federation action figures, said fourth-quarter profit fell 27% as the company had a reserve relating to Kmart Corp.'s bankruptcy protection filing. Net income fell to $4.39 million, or 22 cents a share, from $6.03 million, or 32 cents, a year earlier, Jakks said. Sales rose 4% to $61.4million from $59.1 million. Jakks said it had a $5-million reserve related to Kmart's Jan. 22 bankruptcy filing.
BUSINESS
November 19, 2005 | Claire Hoffman, Times Staff Writer
Every dog has its day. Now, it also can have the Bark N' Bake oven. An easy-bake toy available in the spring from Malibu-based Jakks Pacific Inc., it lets children prepare homemade treats for their pooches. The not-to-be-ignored hermit crab also has its own toy by the company, an "Incredible Hulk" shell. And, under a licensing deal with Meow Mix cat food announced Friday, Jakks will develop "cat lifestyle products" aimed at driving felines wild.
BUSINESS
May 23, 2000 | INDRANEEL SUR, TIMES STAFF WRITER
Malibu toy company Jakks Pacific Inc. will announce today that it has agreed to acquire Pentech International Inc., a New Jersey maker of pens, pencils and markers, for $17.6 million in cash. Executives said the purchase would help reduce Jakks' dependence on the fortunes of its World Wrestling Federation action figures, the source of most of the company's sales in recent years. Jakks would offer $1.40 in cash for each Pentech share, about 54% above Monday's closing price of 91 cents a share.
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
April 21, 2004 | From Dow Jones
Toy company Jakks Pacific Inc. said Tuesday that its first-quarter earnings fell 27% as expenses related to a customer's bankruptcy and other charges offset a 9% increase in sales. Malibu-based Jakks reported net income of $4.43 million, or 17 cents a share, compared with $5.96 million, or 24 cents, a year ago. Sales climbed to $73.9 million. Excluding one-time items, earnings rose 15% to $6 million, or 23 cents a share, from $5.2 million, or 21 cents, last year.
BUSINESS
September 24, 1999 | From Bloomberg News
Jakks Pacific Inc., the Malibu-based maker of action figures and other toys, on Thursday agreed to buy closely held Colorbok Paper Products Inc.'s Flying Colors unit for about $34.5 million in cash as part of a plan to expand its line of toys.
BUSINESS
October 20, 2004 | Melinda Fulmer, Times Staff Writer
Shares of toy maker Jakks Pacific Inc. plunged 22% on Tuesday after the Malibu company was sued by the licensor of a popular line of wrestling video games. Jakks' stock fell $5.34 to $18.81 on Nasdaq. World Wrestling Entertainment Inc. filed a federal lawsuit Tuesday alleging a bribery scheme aimed at obtaining its licenses for video games and toys.
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