Why Genius Brands Stock Is Falling Today
Shares of Genius Brands (NASDAQ: GNUS) were falling 5% in morning trading Tuesday after the children's media company released its third-quarter earnings report following yesterday's market close.
The media company showed just $274,000 in revenue for the period, a more than 90% decline in revenue compared to the year-ago period. Last year it delivered the second season of the animated kids show Llama Llama 2 to Netflix (NASDAQ: NFLX), but had no corresponding deals this time around.
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Source Fool.com
