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%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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

 

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

 /  🏆 8. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: SooToday - 🏆 8. / 85 Read more »

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.
Source: BNNBloomberg - 🏆 83. / 50 Read more »