JAKKS Pacific Posts Higher Q3 Profit - Quick Facts

(RTTNews) - JAKKS Pacific, Inc. (JAKK), a toys and other consumer products maker, posted third-quarter reported net income of $36.6 million, or $1.11 per share, which reflects the net dilutive impact of $0.21 per share associated with the common shares underlying the $100.0 million convertible senior notes recently issued and repurchased in July 2013. This compares to net profit of $30.4 million, or $1.10 per share, reported a year before. On average, 8 analysts polled by Thomson Reuters expected earnings per share of $1.05 for the quarter. Analysts' estimates typically exclude one-time items.

However, net sales for the third quarter of 2013 were $310.9 million, down slightly compared with $314.5 million in the comparable period in 2012. Analysts estimated revenues of $297.88 million for the quarter.

Looking forward, the firm currently sees full-year net sales of around $620.0 million, with a loss per share, as announced earlier, of some $56.1 million, or $2.56 per share. Analysts project annual loss per share of $2.74 and revenue of $612.33 million.