Mattel: Q1 Earnings Snapshot
By AP News
Published - Apr 23, 2024, 04:57 PM ET
Last Updated - Apr 24, 2024, 03:24 AM EDT
EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — Mattel Inc. (MAT) on Tuesday reported a loss of $28.3 million in its first quarter.
The El Segundo, California-based company said it had a loss of 8 cents per share. Losses, adjusted for severance costs and non-recurring costs, were 5 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The toy maker posted revenue of $809.5 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $837.6 million.
