Why Funko Stock Popped 17.5% Today

·2-min read
Why Funko Stock Popped 17.5% Today

Shares of toy maker Funko (NASDAQ: FNKO) popped 17.5% in afternoon trading on the NASDAQ Friday, 12:40 p.m. EDT, in response to a big earnings beat announced last night. Heading into fiscal Q1 2021, analysts had predicted Funko would earn a pro forma profit of $0.11 per share on sales of $180.3 million. Funko beat that earnings estimate by a factor of two, however, reporting $0.24 per share in pro forma profit and sales of $189.2 million.

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