LeapFrog Enterprises (LF) Misses Q2 EPS by 2c; Guides Lower

LeapFrog Enterprises (NYSE: LF) reported Q2 EPS of ($0.03), $0.02 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $113.6 million versus the consensus estimate of $128.7 million.

LeapFrog Enterprises sees Q3 2014 EPS of $0.16-$0.28, versus the consensus of $0.31. LeapFrog Enterprises sees Q4 2014 revenue of $220-230 million, versus the consensus of $245.52 million.

LeapFrog Enterprises sees FY2015 EPS of ($0.13)-($0.25), versus the consensus of $0.01. LeapFrog Enterprises sees FY2014 revenue of $450-470 million, versus the consensus of $491.32 million.

"Our business year-to-date has been negatively impacted by the significant retail inventory carry-over of tablets from Holiday 2013, the planned later launch of our major new products compared to last year, many of our retail partners around the world running far tighter inventories this year and retail sales softness in some of our key product categories," said John Barbour, Chief Executive Officer. "In addition, our fiscal second quarter net sales were hampered with the slippage of first shipments of LeapTV into the fiscal third quarter, which is the primary reason our fiscal second quarter net sales results were below our guidance range.

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

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