LeapFrog Enterprises, Inc. (NYSE:LF) Announces Drop In Quarterly Results


Dallas, Texas 02/13/2014 (FINANCIALSTRENDS) – LeapFrog Enterprises, Inc. (NYSE:LF) the toymaker best known for the electronic educational toys with high-levels of interaction through multimedia use, has announced quarterly results. With results in the red, the stock price reported further downward slide.

Based out of Emeryville CA, LeapFrog Enterprises, Inc. (NYSE:LF), this learning toys maker did have a good festive season, back in December. However, the good cheer has failed to sustain the final quarterly results for the company.

Moreover, management’s guidance declaration for the next fiscal FY 2014 too appeared rather weak. This was the final trigger to set the stock prices of this global toy brand hitting a few tight lows.

Updated FY14 Earnings Guidance

LeapFrog Enterprises, Inc. (NYSE:LF) EPS guidance is $0.18 to $0.25, which is decidedly lower than the consensus offered at $0.54. Guidance revenue too remained disappointing with $554 to $580 million over estimates offered by analysts at $604.24 million.

LeapFrog Enterprises, Inc. (NYSE:LF) guidance for the first quarter of 2014 stands between $0.23 and $0.20.

LeapFrog’s most popular product launch since has been the  LeapPad which registered high sales. The company followed the success of this model with the updated and next version the LeapFrog 2 in 2012. However, its 2013 model which was expected to be better than LeapFrog 2 failed, the LeapFrog Ultra. Besides, competitors with low-cost tablets too flooded the market resulting in the higher priced LeapFrog Ultra not being attractive for buyers. Importantly, the other tablets were made some of the better names in the technology businesses, bringing higher value to the low-cost tablets.

Financial overview

LeapFrog Enterprises, Inc. (NYSE:LF) has since seen hit the $7.10 mark, after the announcement of results. The trading volume is 216,656 shares.  The company also has 52 week low of $6.79, besides a 52-week high of $11.95. The stock also reported 50-day moving average of $7.50.

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