BUZZ-Funko rallies after Hasbro exec named new CEO, quarterly report

Reuters05-10

** Funko's shares rise 11.9% to $7.63, nearly 3-mth high, after collectible toy co appointed new CEO and issued quarterly results

** Co late Thurs named Cynthia Williams, formerly president of Hasbro's Wizards of the Coast and gaming division, as CEO effective May 20

** Prior to Hasbro, Williams held roles at Microsoft

and was a senior exec at Amazon.com for over a decade

** Board member Michael Lunsford has been serving as interim CEO since last July

** After the bell Thurs, Funko reported Q1 rev of $215.7 mln, down 14% yr/yr, missing LSEG consensus of $220.3 mln

** It posted Q1 adj net loss/sh of 17 cents while Street had called for 30 cents/sh loss

** For Q2, co projected adj loss/sh of 8 cents to 15 cents, narrower than avg analysts' estimate of 25 cents/sh loss

** Through Thurs, FNKO shares down ~12% YTD and off ~40% over the past 12 months

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))

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