Spin Master loses US$54.8M in first quarter, Melissa & Doug acquisition boosts sales

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 41 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 63%

Spin Master Corp. News

Entertainment Company,Mark Segal,The Canadian Press

TORONTO — Spin Master Corp. says it lost US$54.8 million in the first quarter, compared with a loss of US$1.9 billion a year earlier. The toy and...

TORONTO — Spin Master Corp. says it lost US$54.8 million in the first quarter, compared with a loss of US$1.9 billion a year earlier.

The acquisition of toy company Melissa & Doug added US$40.4 million to Spin Master's revenue during the quarter. Segal says the company is already starting to capitalize on cost synergies and identify revenue growth opportunities from the acquisition.Kevin O’Leary’s Stock Portfolio: 10 Stock Picks for 2024

Want a great growth stock to buy and hold for decades? You may want to consider this ridiculously undervalued growth stock. The post 1 Ridiculously Undervalued Growth Stock Down 65% to Buy Hand Over Fist appeared first on The Motley Fool Canada. -- A veteran Canadian bank analyst says Toronto-Dominion Bank’s role in an alleged money-laundering scheme has made the “worst-case scenario” more likely — a huge fine for the lender and years of restrictions on its US growth.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines