Why Funko Is Falling Today

Shares of Funko (NASDAQ: FNKO) were tumbling more than 11% lower in morning trading Friday, following the company's second-quarter earnings report. Because traditional retailers like GameStop -- where Funko usually sells its toys based on movie and TV content -- closed throughout most of the quarter, sales plummeted during the period. Investors shouldn't have been surprised Funko took the hit it did, but it's likely the sell-off stemmed from sales declining more than expected.