JAKKS Pacific (JAKK) Misses Q1 EPS by 12c, "expects improved profitability in 2017"

JAKKS Pacific (NASDAQ: JAKK) reported Q1 EPS of ($1.01), $0.12 worse than the analyst estimate of ($0.89). Revenue for the quarter came in at $94.51 million versus the consensus estimate of $87.68 million.

2017 Outlook Comments:

"For 2017, the Company continues to expect higher net income, earnings per share and Adjusted EBITDA on lower net sales compared to 2016. The Company expects improved profitability in 2017 to result from a continued focus on building our base of evergreen brands and categories, as well as entering new categories, creating a strong portfolio of new and existing licenses and developing owned IP and content."

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

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