SANTA MONICA, Calif. (AP) _ Jakks Pacific Inc. (JAKK) on Thursday reported a loss of $18.6 million in its second quarter.
The Santa Monica, California-based company said it had a loss of 80 cents per share. Losses, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 72 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 50 cents per share.
The toymaker posted revenue of $105.8 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $115.4 million.
The company's shares closed at $2.40. A year ago, they were trading at $3.45.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JAKK at https://www.zacks.com/ap/JAKK