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Mattel: 2Q Earnings Snapshot

July 25, 2019

EL SEGUNDO, Calif. (AP) _ Mattel Inc. (MAT) on Thursday reported a loss of $108 million in its second quarter.

On a per-share basis, the El Segundo, California-based company said it had a loss of 31 cents. Losses, adjusted for severance costs and non-recurring costs, were 25 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.

The toy maker posted revenue of $860.1 million in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $820.6 million.

Mattel shares have climbed 25% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. In the final minutes of trading on Thursday, shares hit $12.51, a fall of 23% 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

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