* Q2 loss/shr $0.21 vs est $0.24
* Q2 sales $54.4 mln vs est $53 mln
* Sees Q3 EPS $0.24-$0.28 vs est $0.28
* Backs FY11 EPS, rev view
Aug 2 Educational toy maker LeapFrog Enterprises
reported a narrower-than-expected second-quarter loss
helped by lower operating expenses, but the company forecast
third-quarter earnings that at best would meet Wall Street's
For the third quarter, the company -- known mostly for its
interactive reading systems, educational games, books and
learning toys in five languages -- expects to earn 24-28 cents
a share on sales of $139-$142 million.
Analysts are expecting it to earn 28 cents a share on sales
of $141.8 million, according to Thomson Reuters I/B/E/S.
For the quarter ended June 30, the company posted a loss of
$13.8 million, or 21 cents a share, compared with $12.6 million,
or 20 cents, last year.
Analysts were expecting the company to post a loss of 24
cents a share.
Sales fell 13 percent to $54.4 million, edging past
expectations for sales of $53 million.
Operating expenses in the second quarter fell 8 percent to
Shares of the company closed at $3.68 on Tuesday on the New
York Stock Exchange.
(Reporting by Abhishek Takle in Bangalore; Editing by Roshni