Reuters logo
UPDATE 1-LeapFrog posts narrower-than-expected Q2 loss
August 2, 2011 / 8:45 PM / 6 years ago

UPDATE 1-LeapFrog posts narrower-than-expected Q2 loss

* 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 (Follows alerts)

Aug 2 (Reuters) - 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 expectations.

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 $32.1 million.

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 Menon)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below