Leapfrog Q2 Revs Hit Reduced Guidance; But Down 49 Percent
Leapfrog Enterprises (LF) posted Q1 revenues of $29.9 million, toward the top end of the recently reduced guidance range of $26 million to $30 million, but nonetheless down 49 percent from a year ago. The company lost 43 cents a share in the quarter, two pennies worse than the Street had expected.
For Q2, the company sees revenue of $35 million to $45 million; the Street sees $41.6 million.