Shares of Funko (NASDAQ: FNKO) were tumbling more than 11% lower in morning trading Friday, following the company's second-quarter earnings report. The results, released after the market closed yesterday, show that revenue fell 49% from the year-ago period, leading to a net loss of $15 million, or $0.30 per share.
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.
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Source Fool.com