Funko Stock Dips After Q2 Results, Q3 Guidance Below Estimates
Portfolio Pulse from Erica Kollmann
Funko, Inc. (NASDAQ:FNKO) shares dipped after the company reported better-than-expected Q2 earnings and sales but provided Q3 guidance below analyst estimates. The company reported Q2 earnings of 10 cents per share, beating the expected loss of 14 cents, and sales of $247.7 million, a 3.2% increase from last year. However, Q3 sales and earnings guidance fell short of expectations, leading to a 1.62% drop in share price after-hours.
August 08, 2024 | 9:25 pm
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Funko, Inc. (NASDAQ:FNKO) reported better-than-expected Q2 earnings and sales but provided Q3 guidance below analyst estimates. This led to a 1.62% drop in share price after-hours.
Despite beating Q2 earnings and sales estimates, Funko's Q3 guidance fell short of expectations, which is likely to negatively impact investor sentiment and the stock price in the short term.
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