BMO Capital Downgrades JAKKS Pacific (JAKK) to Market Perform
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ADDING and REPLACING JAKKS Revises 2016 Guidance to Reflect 7% Decline in Net Sales
December 16, 2016 11:07 PM ESTSANTA MONICA, Calif.--(BUSINESS WIRE)-- Please add Forward Looking Statements paragraph to the end of the release.
The corrected release reads:
JAKKS REVISES 2016 GUIDANCE TO REFLECT 7% DECLINE IN NET SALES
JAKKS Pacific, Inc. (NASDAQ: JAKK) today revised its previously issued outlook for 2016. The Company now expects net sales of approximately $700 million, seven percent lower than its previous outlook, with earnings expected to be approximately $0.01-$0.05 per diluted share. Adjusted EBITDA is expected to be approximately $37.0 million for the year. The shortfall is primarily due to... More
