Why Funko Stock Popped 22% Today
Shares of toymaking company Funko (NASDAQ: FNKO) surged 21.7% through noon ET Friday after the company reported much-stronger-than-expected (read: "much-less-weak-than-expected") financial results yesterday evening. Analysts had forecast that Funko would lose a staggering $0.92 per share on sales of only $235.6 million for its first quarter of 2023. Funko lost $0.49 per share, and its quarterly sales were $251.9 million.