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Stockreport

Mattel reports surprise loss for holiday period, shares sink [Reuters]

MATTEL (MAT)  More Company Research Source: Reuters
Last mattel earnings: 4/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
PDF Mattel reports surprise loss for holiday period, shares sink | Reuters Reuters Staff 3 Min Read (Reuters) - Mattel Inc ( MAT.O ) reported a surprise loss for the holiday quarter on Thursday, as the toy maker faced weak demand for key brands including Fisher-Price and as the effect of the collapse of Toys “R” Us lingered. Shares of the biggest U.S. toy maker fell 7.3 percent to $14.20 in after-hours trading. Mattel reported a net loss of $281.3 million in the fourth quarter ended Dec. 31, hurt by a one-time, $457-million charge related to new U.S. tax laws. Excluding one-time items, Mattel reported a loss of 72 cents per share, while analysts on average had expected earnings of 17 cents per share, according to Thomson Reuters I/B/E/S. El Segundo, California-based Mattel has faced weak demand in recent years for its most well-known products including Hot Wheels and Barbie as children increasingly prefer videogames and electronics over traditional toys. The company’s stock fell 44 perc [Read more]

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