BMO Capital Upgrades JAKKS Pacific (JAKK) to Outperform
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JAKKS Pacific Reports Third Quarter 2015 Financial Results
October 26, 2015 6:00 AM EDTSANTA MONICA, Calif.--(BUSINESS WIRE)-- JAKKS Pacific, Inc. [NASDAQ: JAKK] today reported financial results for the third quarter 2015. Net sales for the quarter ending September 30, 2015 were $337.0 million, compared to $349.4 million reported in the comparable period in 2014. Reported net income for the third quarter was $45.8 million, or $1.12 per diluted share. This compares to net income of $44.1 million, or $1.03 per diluted share, reported in the comparable period in 2014. Adjusted EBITDA for the third quarter was $52.5 million, compared to Adjusted EBITDA of $52.8 million in 2014. See note below on Use of Non-GAAP Financial Information.
Third Quarter Highlights
Gross margin... More