JAKKS Pacific (JAKK) Misses Q1 EPS by 7c; Reaffirms FY16 Outlook

JAKKS Pacific (NASDAQ: JAKK) reported Q1 EPS of ($1.01), $0.07 worse than the analyst estimate of ($0.94). Revenue for the quarter came in at $95.8 million versus the consensus estimate of $98 million.

Reiterating 2016 Guidance

For 2016, JAKKS continues to forecast net sales to increase 7 percent to approximately $800.0 million; diluted earnings per share to increase 10 percent to approximately $0.78 per share, subject to share count changes; and Adjusted EBITDA to increase 28 percent to approximately $65.0 million. This guidance reflects anticipated gross margin expansion and operating margin growth in 2016.

For earnings history and earnings-related data on JAKKS Pacific (JAKK) click here.

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