Funko Inc. shares surged in the extended session Thursday after the toy and collectibles maker topped Wall Street estimates for the quarter. Funko shares rallied 8% after hours, following a 0.9% rise to close at $7.94 in the regular session. Shares have struggled since their November initial public offering and have never traded at or above their IPO price of $12. The company reported fourth-quarter net income of $6.3 million, or 7 cents a share, compared with $15.8 million in the year-ago period. Adjusted earnings were 22 cents a share. Revenue rose to $169.5 million from $132.4 million in the year-ago period. Analysts surveyed by FactSet had estimated 16 cents a share on revenue of $146.6 million.
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