Funko Q3 Adj EPS $0.03 Beats $(0.05) Estimate, Sales $312.94M Beat $291.88M Estimate
Portfolio Pulse from mahesh@benzinga.com
Funko (NASDAQ:FNKO) reported Q3 earnings of $0.03 per share, beating the analyst consensus estimate of $(0.05) by 160 percent. This is a 89.29 percent decrease from the same period last year. The company also reported quarterly sales of $312.94 million, beating the analyst consensus estimate of $291.88 million by 7.22 percent, but a 14.40 percent decrease from the same period last year.
November 02, 2023 | 9:11 pm
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NEUTRAL IMPACT
Funko's Q3 earnings and sales exceeded estimates, but showed a decrease compared to the same period last year.
While Funko's Q3 earnings and sales beat estimates, the decrease compared to the same period last year could potentially offset the positive impact of beating estimates. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100