MAT - What's Going On With Mattel Stock After Earnings? | Benzinga
Mattel, Inc. (NASDAQ:MAT) shares are trading higher Wednesday after the company posted better-than-expected first-quarter adjusted earnings per share results. Here's a look at the details.
The Details:
Mattel reported quarterly losses of 5 cents per share which beat the analyst consensus estimate of losses of 12 cents per share.
Quarterly sales came in at $810 million, missing the analyst consensus estimate of $831.8 million by 2.62% and representing a 0.56% decrease in sales year-over-year.
Mattel said gross billings in its North America segment increased by 1%, driven by growth in Vehicles (primarily Hot Wheels) and Action Figures, Building Sets and Games, partly offset by declines in ...