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0.00129466597617807 0.00129466597617807 -0.000258933195235762 -0.00466079751424132 -0.00673226307612649 -0.00673226307612649 -0.00673226307612649 -0.00673226307612649
Stock impact report

Mattel (MAT) Q1 Earnings Beat, Revenues Miss, Stock Rises [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
Mattel, Inc. MAT reported first-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate but revenues missed the same. The top line missed the consensus estimate for the second straight quarter. The company experienced robust bottom-line performance, largely propelled by increased margins and the repurchase of $100 million worth of shares during the quarter, and remained aligned with its annual targets. It anticipates ongoing advantages from the Optimizing for Profitable Growth initiative, aiming for $60 million in cost reductions in 2024 and a cumulative $200 million by 2026. Following the announcement, MAT's shares increased 3% in the after-hour trading session on Apr 23. Earnings & Revenue Discussion In the quarter under review, Mattel reported adjusted loss per share of 5 cents, narrower than the Zacks Consensus Estimate of a loss of 12 cents. In the prior-year quarter, it reported adjusted loss per share of 24 cents. Net sales during the quarter am Show less Read more
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