Toymaker Funko (NASDAQ: FNKO) had a terrific third quarter. Sadly, the fourth quarter is shaping up to be something less than terrific.
Three months ago, Funko should have been riding high on an "earnings beat" and "revenue beat" quarter, with both sales and profits coming in ahead of expectations. Funko kind of shot itself in the foot, though, warning investors at the time that as good as Q3 was, Q4 sales and profits would probably fall a bit short of the extravagant hopes Wall Street had set for them.
Investors predictably sold off the stock then, and they're doing it again this week -- for pretty much the same sad reason.