JAKKS Pacific Reports Second Quarter 2018 Financial Results
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JAKKS Pacific (JAKK) Misses Q2 EPS by 23c, Miss on Revenues
July 26, 2018 6:21 AM EDTJAKKS Pacific (NASDAQ: JAKK) reported Q2 EPS of ($0.72), $0.23 worse than the analyst estimate of ($0.49). Revenue for the quarter came in at $105.8 million versus the consensus estimate of $117.12 million.
Management Commentary
JAKKS Chairman and CEO Stephen Berman stated, As expected, during the second quarter we continued to see the impact of the liquidation of Toys R Us, which offset the positive contribution of several successful products, including Incredibles 2, Squish-Dee-Lish®, and MorfBoard®. The net sales declines of 11.5% in the quarter... More
