Spin Master reports higher third-quarter earnings but lowers full-year guidance

TORONTO — Spin Master Corp. says its net income for the third quarter was US$155.4 million, up from US$141.4 million from a year earlier.

The Toronto-based toy and entertainmentcompany says revenue for the quarter ended Sept. 30 was US$710.2 million, up from US$624 million. Excluding its Paw Patrol movie, which came out at the end of September, the company says revenue was US$694.6 million.Spin Master chief executive Max Rangel says the company expects pressure on the toy industry in the fourth quarter amid macroeconomic pressure on consumer spending.

As a result, the company revised its guidance for sales and revenue lower for the full financial year.The Canadian Press

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Toronto Stock Exchange: Active Companies and Deals with Telus Corp. and Cameco Corp.A roundup of the most active companies traded on the Toronto Stock Exchange, including First Quantum Minerals, Enbridge Inc., and Tamarack Valley Energy. Telus Corp. announces a deal with Flo to improve reliability of electric vehicle charging network, while Cameco Corp. sees an increase in shares.
Fuente: SooToday - 🏆 8. / 85 Leer más »

Spin Master reports higher third-quarter earnings but lowers full-year guidanceSpin Master Corp. says its net income for the third quarter was US$155.4 million, up from US$141.4 million from a year earlier.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »