MAT stock surged 19% in early trading after Mattel Inc (NASDAQ:MAT) reported Q3 results that topped analysts’ projections. The company’s impressive Q3 received a boost from the recovery of the Barbie doll collection as well as other classic toys. This is an indication that Mattel’s multiyear turnaround has continued to gather momentum.
Barbie Dolls Boost Mattel’s Q3 PerformanceThe company indicated that it earned around $70.6 million or $0.20 per share in the third quarter compared to $6.3 million or $0.02 per share earned in Q3 last year. Mattel’s adjusted earnings per share of $0.26 exceeded ...
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