JAKKS Pacific (JAKK) Misses Q2 EPS by 56c, Miss on Revenues

JAKKS Pacific (NASDAQ: JAKK) reported Q2 EPS of ($0.77), $0.56 worse than the analyst estimate of ($0.21). Revenue for the quarter came in at $119.6 million versus the consensus estimate of $133.48 million.

Second Quarter 2017 Financial Results

Net sales for second quarter 2017 were $119.6 million compared to $141.0 million reported in the year ago period. The reported net loss attributable to JAKKS Pacific for the second quarter was $16.7 million, or $0.77 loss per diluted share, which included a non-cash charge of $2.3 million related to the write-down of accounts receivable from 2014/2015 sales to an online retailer no longer in business. This compares to a net loss attributable to JAKKS Pacific of $4.4 million, or $0.27 loss per diluted share, reported in 2016. Adjusted EBITDA for the second quarter was negative $5.4 million, compared to Adjusted EBITDA of $4.0 million in 2016. See note below on “Use of Non-GAAP Financial Information.”

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

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