LeapFrog Enterprises (LF) Misses Q1 EPS by 11c, Revenue Tops Views

LeapFrog Enterprises (NYSE: LF) reported Q1 EPS of ($0.39), $0.11 worse than the analyst estimate of ($0.28). Revenue for the quarter came in at $38.7 million versus the consensus estimate of $29.92 million.

"While there is significant work ahead of us, we believe we have the right strategies in place to return the company to growth. Our outlook for the current fiscal year 2016, ending March 31, 2016, is unchanged. We will continue to take steps to reduce operating expenses and manage our business responsibly as we position ourselves for a successful 2015 holiday season.

"Our longer term plan is to achieve double-digit sales growth and positive cash flow in fiscal year 2017, which includes holiday 2016. We will remain focused on product innovation, execution and operational efficiencies to help build a business with sustainable revenue and income growth. To accomplish these plans we will manage our cash balances, capital expenditures and balance sheet prudently," said Ray Arthur, Chief Financial Officer.

For earnings history and earnings-related data on LeapFrog Enterprises (LF) click here.

You May Also Be Interested In

• LeonaBio (LONA) Price Target Cut to $17 by Citizens Amid Pipeline Development
• Vislink Technologies Inc. (VISL) Misses Q2 EPS by 7c
• Cue Biopharma, Inc. (CUE) Misses Q2 EPS by 2054c