UPDATE: LeapFrog Posts Narrower Q2 loss, Lifts Full-Year Forecast

LeapFrog Enterprises

reported a narrower second-quarter loss and lifted its full-year forecast. LeapFrog posted a quarterly loss of $8.1 million, or $0.12 per share, versus a year-ago loss of $13.8 million, or $0.21 per share. Its net sales rose 31% to $71.5 million. In May, the company expected a loss of $0.18 to $0.20 per share. LeapFrog's gross margin rose to 39.9% from 34.9%. LeapFrog shares closed at $11.48 yesterday.