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Leapfrog Enterprises (NYSE:LF) $365M (MarketCap)

|Includes:LeapFrog Enterprises Inc. (LF)

Leapfrog has had a nice run since February 2010 rising from $3 per share to its recent highs above $7 per share. Some softening in the market and neutral guidance is pressuring the stock price today. Below are the results for the quarter.

Reported Q1 results ended March 2010. Q1 Revenues were $42.41M; +41.93% vs yr-ago; MISSING revenue consensus by -3.57%. Q1 EPS was (37c). Adjusted Q1 EPS was (33c); +13.16% vs yr-ago; MISSING earnings consensus by -17.86%.

Q1 RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $42.41M $29.88M +41.93% $43.98M -3.57%
---------- ------------ ------------ ---------- ------------ ----------
EPS: (37c) N/A N/A N/A N/A
Adj EPS: (33c) (38c) +13.16% (28c) -17.86%
---------- ------------ ------------ ---------- ------------ ----------
GUIDANCE

Q2-10 Revenue Outlook : LF expects Q2 net sales to increase 20% to 25% compared to Q2 of 2009.
Q2-10 Earnings Outlook : LF expects Q2 net loss to increase modestly year over year.

FY-10 Revenue Outlook : LF expects 2010 net sales to increase 10% to 20% compared to 2
Stocks: LF