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Stock impact report

Mattel (MAT) Falls 16% on Lower Earnings, Guidance [Yahoo! Finance]

Mattel, Inc. (MAT) 
Last mattel, inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
Company Research Source: Yahoo! Finance
Toymaker Mattel, Inc. (NASDAQ:MAT) dropped its share prices by 16.39 percent on Thursday to close at $16.89 apiece as investors soured on the company's dismal earnings performance and lowered revenue guidance for the full year. In its earnings release, Mattel, Inc. (NASDAQ:MAT) said net income in the second quarter of the year declined by 6 percent to $53.4 million from $56.9 million in the same period last year. Net sales also decreased by 6 percent to $1.018 billion from $1.08 billion year-on-year. For the six-month period, net income fell by 54 percent to $13 million from $28.6 million, while net sales dipped by 2 percent to $1.845 billion from $1.889 billion year-on-year. Photo by George Filippopoulos on Unsplash For the full year, Mattel, Inc. (NASDAQ:MAT) lowered its full-year net sales growth expectations to a range of 1-3 percent from 2-3 percent previously. Adjusted earnings per share were also pegged at a range of $1.54-$1.66 as compared with the $1.66-$1.72 pri Show less Read more
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