Shares of toy manufacturing and entertainment company Mattel, Inc. (MAT) are falling more than 10% Thursday morning despite reporting improved quarterly results.
Net income for the third quarter declined to $146.3 million or $0.41 per share from $289.9 million or $0.80 per share in the same quarter a year ago. Excluding one-time items, earnings were $1.08 per share.
Net sales also increased 9% to $1.919 billion from $1.756 billion last year.
MAT is at $17.81 currently. It has traded in the range of $15.36 - $22.64 in the last 52 weeks.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.