Spin Master sees sales, earnings decline in second quarter amid weaker order volume

Spin Master Corp. says it earned US$28 million in the second quarter, down from US$88.1 million a year earlier.

The Toronto-based toy and entertainment company says revenue was US$420.7 million, down from US$506.3 million during the same quarter last year.

Earnings per diluted share were 26 cents, down from 83 cents.

Toy revenue for the company was US$346.3 million, down from US$437.6 million last year.