Why Funko's Stock Is Surging 25% Today

Funko (NASDAQ: FNKO) shares were soaring 25% higher in late-day trading on Friday after reporting earnings the day before and filing an amended credit agreement that gives the collectible-toy maker more breathing room.

First-quarter sales tumbled 18% to $136.7 million, generating net losses of $0.12 per share, $0.05 worse than the $0.07 per share loss analysts were expecting.

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Source Fool.com