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Funko: 3Q Earnings Snapshot

·1 min read

EVERETT, Wash. (AP) _ Funko, Inc. (FNKO) on Thursday reported third-quarter net income of $9.8 million.

The Everett, Washington-based company said it had net income of 27 cents per share. Earnings, adjusted for one-time gains and costs, were 31 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.

The company posted revenue of $191.2 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $169.1 million.

Funko shares have decreased 59% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.02, a decrease of 52% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FNKO at https://www.zacks.com/ap/FNKO