3-8-18 5:02 PM EST | Email Article

Funko Inc. (FNKO) shares surged in the extended session Thursday after the toy and collectibles maker topped Wall Street estimates for the quarter. Funko shares rallied 8% after hours, following a 0.9% rise to close at $7.94 in the regular session. Shares have struggled since their November initial public offering (http://www.marketwatch.com/story/funkos-stock-plunges-in-public-debut-after-ipo-prices-below-expected-range-2017-11-02) and have never traded at or above their IPO price of $12. The company reported fourth-quarter net income of $6.3 million, or 7 cents a share, compared with $15.8 million in the year-ago period. Adjusted earnings were 22 cents a share. Revenue rose to $169.5 million from $132.4 million in the year-ago period. Analysts surveyed by FactSet had estimated 16 cents a share on revenue of $146.6 million.

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com


(END) Dow Jones Newswires

03-08-18 1702ET

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