July 21, 2005 |
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.
April 21, 2005 |
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.
February 23, 2005 |
Malibu toy maker Jakks Pacific Inc. said Tuesday that net income grew almost sixfold on strong sales of its TV Games, Care Bear and Cabbage Patch products. However, uncertainty over a pending lawsuit by World Wrestling Entertainment Inc. and a request by the Securities and Exchange Commission to restate its 2002 and 2003 earnings cast a pall over the quarter's results. Shares of Jakks, which had risen as high as $23 early in the day, closed up 17 cents to $20.98 on Nasdaq.
November 25, 2004 |
Malibu-based Jakks Pacific Inc. has sued rival Mattel Inc. in Los Angeles County Superior Court, accusing the toy maker of breaching its contract with X Games star Travis Pastrana.
November 18, 2004 |
Shares of Jakks Pacific Inc. fell 3% after a dispute with World Wrestling Entertainment Inc. over the announcement of a licensing agreement. The Malibu-based toy maker announced an agreement to develop a game system based on WWE characters, citing Donna Goldsmith, WWE's senior vice president of consumer products. WWE later said the deal was only an amendment to an earlier agreement that is now in dispute and Jakks didn't seek approval from Goldsmith to use her comment.
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.
October 21, 2004 |
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.
April 21, 2004 |
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.
February 18, 2004 |
Malibu-based toy maker Jakks Pacific Inc. saw its sales rise 23% in the fourth quarter as net income fell nearly 3%. Profit fell to $7.1 million, or 29 cents a share, from $7.3 million, or 30 cents, a year earlier. Excluding charges related to recent customer bankruptcy filings including those of KB Toys Inc. and FAO Inc., net income rose to $8.9 million, or 36 cents, compared with $6.2 million, or 25 cents, a year before. Revenue rose to $84.4 million from $68.5 million.
October 22, 2003 |
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.