TORONTO — Spin Master Corp. says its net income for the third quarter was US$155.4 million, up from US$141.4 million from a year earlier. The Toronto-based toy and entertainmentcompany says revenue for the quarter ended Sept. 30 was US$710.
TORONTO — Spin Master Corp. says its net income for the third quarter was US$155.4 million, up from US$141.4 million from a year earlier.
The Toronto-based toy and entertainmentcompany says revenue for the quarter ended Sept. 30 was US$710.2 million, up from US$624 million. Excluding its Paw Patrol movie, which came out at the end of September, the company says revenue was US$694.6 million.Spin Master chief executive Max Rangel says the company expects pressure on the toy industry in the fourth quarter amid macroeconomic pressure on consumer spending.
As a result, the company revised its guidance for sales and revenue lower for the full financial year.The Canadian Press
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toronto Stock Exchange: Active Companies and Deals with Telus Corp. and Cameco Corp.A roundup of the most active companies traded on the Toronto Stock Exchange, including First Quantum Minerals, Enbridge Inc., and Tamarack Valley Energy. Telus Corp. announces a deal with Flo to improve reliability of electric vehicle charging network, while Cameco Corp. sees an increase in shares.
Read more »
Spin Master reports higher third-quarter earnings but lowers full-year guidanceSpin Master Corp. says its net income for the third quarter was US$155.4 million, up from US$141.4 million from a year earlier.
Read more »
Police investigating death of US ice hockey player from skate blade cut in English gameCP24 - Sports News from Toronto and the GTA, Toronto Maple Leafs News, Toronto Raptors News, Toronto Blue Jays News
Read more »
Bullish on MEG Energy Corp.A technical look at the stock
Read more »
Two Sigma Plans to Spin Out Private Equity Impact-Investing UnitTwo Sigma Investments is spinning out its private equity impact-investing unit due to internal discontent. The unit's inaugural fund fell short of its fundraising target, leading to disappointment among employees. This spinout is the latest disruption for the firm's clients, following incidents of employee misconduct and a rift between co-founders.
Read more »
Two Sigma to Spin Out Impact Arm as Internal Frustrations SimmerTwo Sigma Investments, the $60 billion quant giant, plans to spin out its private equity impact-investing unit amid internal discontent.
Read more »