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

Editors Pick
Rapala USA has recalled about 128,000 units of Rechargeable Fillet Knives due to fire hazard, according to the U.S. Consumer Product Safety Commission. The recall involves the Rapala Rechargeable Fillet Knife with item number RRFN. The knife handles are black and gray, and the Rapala logo is printed in red on the handle, along with the word ION in white. Facebook said it has launched an improved version of its automatic alternative text or AAT feature to improve photo descriptions for its users who are blind or visually impaired. AAT utilizes object recognition to generate descriptions of photos on demand so that blind or visually impaired, or BVI individuals, can more fully enjoy their News Feed. Morgan Stanley (MS) reported Wednesday a profit for the fourth-quarter that climbed 57 percent from last year, reflecting strong performance across all three business segments. Both earnings per share and quarterly revenue beat analysts' estimates.
RELATED NEWS
Follow RTT