Funko Inc. FNKO, -1.65% shares jumped as much as 10% in late trading Tuesday to the highest levels the stock has seen since going public last month, after reporting earnings for the first time as a public company. The maker of pop-culture-themed toys and products reported third-quarter net income of $8.3 million, down from $17.2 million the year before, on sales of $142.8 million, up 21% from the year prior. The company did not provide per-share earnings information. Analysts on average had expected net income of $3.4 million on net sales of $142.6 million, according to FactSet. Funko said it used the IPO proceeds to pay off debt, and closed on a $4 million acquisition of a UK animation studio named A Large Evil Corp., which it has re-branded as Funko Animation Studios. Funko sold IPO shares for $12, but has not approached that price in public trading; through Tuesday's regular session, the intraday high for shares was $9.90. In late trading Tuesday, share prices topped $10 at times.