Leapfrog FY Q3 Tops Estimates, but Lowers ’08 Outlook
Leapfrog Enterprises (LF) posted better-than-expected third-quarter results, but reduced its full-year outlook to reflect “softness in retail trends.”
For Q3, the provider of electronic toys and learning tools posted revenue of $194.6 million and profits of 38 cents a share, ahead of the Street at $178.4 million and 34 cents. But for the full year, the company now only sees revenue up 10-15 percent, which implies $486.5 million to $508.6 million, below the Street at $524.8 million.
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