logo
Plus   Neg
Share
Email

Stock Alert: Mattel Gains On Upbeat Q3 Results

Shares of toy maker Mattel, Inc. (MAT) are up more than 8% Friday morning following upbeat third-quarter results.

The stock is currently trading at $14.05, close to its 52-week high of $14.83.

Mattel reported earnings, on an adjusted basis of $0.69 per share compared with $0.26 per share last year. On average, 13 analysts polled by Thomson Reuters expected earnings of $0.38 per share.

Quarterly sales were $1.632 billion, up 10% year-over-year. The consensus estimate stood at $1.46 billion.

"Mattel's growth outpaced the industry as we gained share in key markets around the world and achieved growth in each of our four regions," commented Ynon Kreiz, Chairman and CEO of Mattel.

For comments and feedback contact: editorial@rttnews.com

Business News

Invest in the Best Biotech Stocks by Subscribing to RTT Biotech Investor.
Editors Pick
Walmart Inc. has launched a nationwide drive to boost COVID-19 vaccination rates by reaching out to more residents in vulnerable communities. The retail giant will organize a series of community events at 43 locations in 18 states to administer the COVID-19 vaccine. Walmart said it plans to continue these new events over the next several weeks as vaccine allocations allow. Pfizer Inc. (PFE) and OPKO Health Inc. (OPK) announced Friday that the European Medicines Agency or EMA has validated for review the Marketing Authorization Application for somatrogon. Pfizer expects a decision from the European Commission in 2022. The company said somatrogon is a long-acting recombinant... German telecom giant Deutsche Telekom AG reported Friday strong growth in fourth-quarter profit mainly driven by T-Mobile US results following the takeover of the competitor Sprint. Looking ahead for fiscal 2021, the company projects higher adjusted EBITDA AL, a key earnings metric.
RELATED NEWS
Follow RTT