Shares of Jakks Pacific (JAKK) trade lower after the toy maker cuts its FY12 guidance, saying it...

|By:, SA News Editor

Shares of Jakks Pacific (JAKK) trade lower after the toy maker cuts its FY12 guidance, saying it experienced "disappointing" domestic product sales and a slowdown in orders, as well as increased expenses. It now expects to earn between $0.68 to $0.74 per share on revenue of around $690M to $700M, down significantly from earlier estimates for a profit of $1.04 to $1.08 pre share and revenue between $720M and $728M. Shares -9% AH.