UPDATE: LeapFrog Posts Upbeat Q4 Results
LeapFrog Enterprises (NYSE: LF) reported a 90% rise in its fourth-quarter earnings.
LeapFrog expects a Q1 loss of $0.07 to $0.09 per share. However, analysts expected a loss of $0.12 per share.
LeapFrog's quarterly profit surged to $62.3 million, or $0.89 per share, from $32.8 million, or $0.49 per share, in the year-ago period.
Its net sales climbed 16% to $244.7 million. However, analysts were estimating a profit of $0.49 per share on revenue of $225 million.
Its gross margin rose to 44.7% from 44.5%.
LeapFrog shares jumped 5.23% to $9.46 in after-hours trading.
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