Mattel: Q1 Earnings Snapshot
EL SEGUNDO, Calif. (AP) _ Mattel Inc. (MAT) on Thursday reported a loss of $115.2 million in its first quarter.
On a per-share basis, the El Segundo, California-based company said it had a loss of 33 cents. Losses, adjusted for one-time gains and costs, came to 10 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The toy maker posted revenue of $874.2 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $686.4 million.
Mattel shares have increased 20% since the beginning of the year, while the S&P's 500 index has increased 10%. In the final minutes of trading on Thursday, shares hit $20.88, more than doubling in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MAT at https://www.zacks.com/ap/MAT