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

  • 📰 SooToday
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 85%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

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

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 8. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: SooToday - 🏆 8. / 85 Läs mer »

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.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »