Leapfrog stable in Q2, beats forecasts - ToyNews

Leapfrog stable in Q2, beats forecasts

Leapfrog's latest second quarter results show a slight increase in losses, but sales on the up.
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Losses grew slightly from $12.2m a year earlier to $12.6 million.

Sales rose to $62.4 million in the quarter, up from sales of $49.4 million a year earlier.

Bill Chiasson, LeapFrog’s CEO and president, said the company “is poised for strong earnings.

According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for a loss of 22 cents per share, on revenue of $60.54 million. The latest figures equate to a loss of 20 cents a share, up from a loss of 19 cents per share in the second quarter of 2009.

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