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Toy maker Jakks Pacific Inc. reported a bigger first-quarter loss than expected and lowered its 2009 guidance.
The loss totaled $10.8 million, or 40 cents a share, compared with a year-ago profit of $877,000, or 3 cents. Revenue fell 17% to $108.7 million.
The Malibu-based company lowered its outlook to $1.70 to $2 per share from previous guidance of $2.25.
Jakks Pacific shares fell $2.13 to $11.30.
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