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Jackson Financial reported its fourth-quarter 2024 adjusted earnings per share (EPS) at $4.65, falling short of the $4.88 estimate. In contrast, Jakks Pacific posted an adjusted EPS of $(0.67), exceeding expectations of $(0.73), although its sales of $130.74 million did not meet the forecast of $131.07 million. Jakks Pacific also announced a new dividend program yielding 2.87% based on the closing stock price. Despite the positive EPS surprise, Jakks Pacific shares fell 12.6% in pre-market trading following the earnings report, which did not align with market expectations.
$JAKK (-12.6% pre) JAKKS Pacific shares tumble as Q4 results miss estimates https://t.co/DIQ0UcKeoC
$JAKK reported Q4 results that were below my expectations, though higher than street estimates ($3.79 vs. my $4.00-4.15 expectation). I guess, in hindsight, I got a little too excited. especially since a few million dollars of marketing swung the EPS massively. Company is not…
$JAKK reported Q4 results that were below my expectations, though higher than street estimates ($3.79 vs. my $4.00-4.15 expectation). I guess, in hindsight, I got a little too excited. The company has now started returning capital to shareholders with a $1/year dividend.ential),… https://t.co/BiyPber1u2