Founded in 1945, El Segundo, California-based Mattel Inc (MAT) is a leading American toymaker that designs, manufactures, and markets trademarked brands like Barbie, Hot Wheels, and Fisher-Price around the world. It currently has a presence in 40 countries, and operates through three business sections: North America, International, and American Girl.
Currently, Mattel has a Zacks Rank #4 (Sell) but that could change following its fiscal third quarter 2015 earnings report. We have highlighted some of the key details from the just-released announcement below.
Earnings: Mattel missed earnings expectations. Adjusted EPS came in at $0.71 per share, missing the Zacks Consensus Estimate of $0.79 per share. Mattel posted adjusted operating income of $321.6 million.
Revenue: Revenues of $1.79 billion missed the Zacks Consensus Estimate of $1.88 billion.
Key Stats: Worldwide gross sales were down 3% in constant currency. Global retail sales continued to outpace shipping, and were down 1% for the quarter but were up1% year-to-date.
Stock Price: MAT was down $0.33, or 1.47%, to $22.20 as of 4:40 PM ET in after hours trading shortly after its earnings report was released.
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