JAKKS Pacific beats by $0.21, beats on revs :
- Reports Q4 (Dec) loss of $0.47 per share, $0.21 better than the Capital IQ Consensus of ($0.68); revenues rose 2.2% year/year to $167 mln vs the $159.38 mln Capital IQ Consensus.
- Gross margin was 31.2%, up from 30.3%
- Adjusted EBITDA increased to $4.0 million from negative $2.1 million
- Operating margin was negative 1.4%; an improvement from negative 4.2%
Outlook for FY17
- Co expects higher net income, earnings per share and Adjusted EBITDA on lower net sales compared to 2016.
- Co also expects improved profitability in 2017 with a continued focus on building our base of evergreen brands and categories as well as entering new categories, creating a strong portfolio of new and existing licenses and developing owned IP and content.
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