Shares of Funko Inc. nosedived in after-hours trading on Wednesday, after the collectible toy maker issued a financial outlook that was far worse than expected and said efforts to improve performance might not take hold for months.
Funko FNKO shares plunged 27% in after-hours trade. The maker of the Pop line of figurines modeled after popular figures from movies, TV shows and sports forecast first-quarter sales of $225 million to $255 million, well lower than Wall Street’s expectations for $296 million. Executives also forecast a per-share loss of 90 cents to $1 — far worse than analysts’ average expectations for a nickel of profit for each share.
“Although demand remains strong for FNKO’s inexpensive, unique pop culture offerings, the company was impacted in 4Q22 by retailers pulling back on ordering,” D.A. Davidson analysts said in a note on Monday, adding that it was also suffering from “company-specific operational issues” related to a new distribution center. However, analysts there said the issues were temporary.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Novavax stock price sinks 25% after Q4 warning it may go out of businessNovavax stock plunges 25% after the COVID-19 vaccine maker warns it could go out of business
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »