— Funko Inc. (NASDAQ: FNKO) reported its third-quarter 2019 adjusted earnings of $0.38 per share versus $0.32 per share expected.
— Net sales jumped by 26% to $223.3 million versus $220.44 million expected. This was driven primarily by an increase in the number of active properties and strong sales demand in the US and Europe.
— The number of active properties increased by 13% to 627 from 553 in the third quarter of 2018 and net sales per active property increased by 11%.
— On a geographical basis, net sales in the United States increased by 21% to $147.3 million and net sales internationally increased by 37% to $76 million with strong growth in Europe.
— On a product category basis, net sales of figures increased 24% and net sales of other products increased 33% driven primarily by the continued growth of its Loungefly and other Softline products and the introduction of its games product line.
— Looking ahead into the full year 2019, the company reiterated net sales outlook to be in the range of $840 million to $850 million. This is compared to the Street’s view of $848.5 million.
— Adjusted earnings for the full year are still anticipated to be in the range of $1.15 to $1.22 per share, versus consensus estimates of $1.24 per share.
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus
Virgin Galactic (NYSE: SPCE) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The space tourism company reported zero revenue in the fourth quarter, compared to $529,000