EARNINGS ROUNDUP / JAKKS PACIFIC
Times Wire Reports
Toy maker Jakks Pacific Inc. said fourth-quarter profit dropped 49%, hurt by a difficult holiday season and weak sales of Hannah Montana and Care Bears toys.
Net income fell to $16.9 million, or 55 cents a share, from $33.4 million, or $1.03, a year earlier. Revenue declined 6% to $269.3 million.
Analysts polled by Thomson Financial predicted a profit of $1.05 a share on revenue of $278.9 million.
Shares of Malibu-based Jakks Pacific fell 96 cents to $15.81.
