Why Funko Stock Popped Today
Funko(FNKO) The Motley Fool·2024-08-10 00:52
Funko soared past estimates in its second-quarter report. Shares of Funko (FNKO 3.36%), the toymaker best known for its POP! figurines, were moving higher today after the company topped estimates in its second-quarter earnings report and posted a surprise profit. As a result, the stock was up 9.6% as of 11:23 a.m. ET on Friday. Funko impresses in the second quarter Revenue ticked up by 3% to $247.7 million, which topped estimates at $231 million. More importantly, its gross margin surged from 29.2% to 42%, ...