SAN DIEGO, Feb. 5, 2020 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP is investigating potential violations
of the federal securities laws by Funko, Inc. ("Funko") (NASDAQ:
FNKO).
On February 5, 2020, after the
markets closed, Funko reported preliminary financial results for
the fourth quarter ended December 31,
2019. Net sales are expected to be approximately
$214 million, a decrease of 8%
compared to $233 million in the
fourth quarter of 2018. The sales fell well below average analyst
estimates of $264.29 million. On a
third-quarter conference call, the Company CFO, Jennifer Jung, stated, "we are maintaining our
guidance ranges, we laid out on the second quarter conference
call."
Following this news, the price of Funko common stock plunged
over 38% in after-market trading on February
5, 2020.
If you have information that could assist in this
investigation, including past employees and others, or if you are a
Funko shareholder and are interested in learning more about the
investigation, please contact Jim
Baker (jimb@johnsonfistel.com) by email or phone
at 619-814-4471. If emailing, please include a phone
number.
Additionally, you can [click here to join this
action]. There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[click here to join this action].
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SOURCE Johnson Fistel, LLP