Funko shares are trading higher after the company reported better-than-expected Q1 adjusted EPS results and issued Q2 Adj. EPS guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Funko's stock is trading higher following the announcement of Q1 adjusted EPS results that surpassed expectations, along with Q2 adjusted EPS guidance that also exceeded estimates.
May 09, 2024 | 9:45 pm
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POSITIVE IMPACT
Funko's better-than-expected Q1 adjusted EPS results and optimistic Q2 adjusted EPS guidance have led to a positive reaction in its stock price.
The positive earnings report and future guidance suggest strong financial health and potential for growth, which typically leads to increased investor confidence and a rise in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100