November 5, 2012 / 9:15 PM / in 5 years

LeapFrog 3rd-qtr profit rises

Nov 5 (Reuters) - Educational games maker LeapFrog Enterprises Inc reported a higher third-quarter profit, helped by new products such as its children’s tablet, LeapPad2.

For the quarter, the company’s profit rose to $41.7 million, or 60 cents per share, from $23 million, or 35 cents per share, a year earlier.

The company, known for its interactive reading systems, educational games, books and learning toys, said sales rose 28 percent to $193.1 million.

Analysts on average had forecast earnings of 42 cents per share on revenue of $174.2 million, according to Thomson Reuters I/B/E/S.

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