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Mattel Posts Q4 Profit Above Estimates Despite Lower Earnings

Mattel beats quarterly estimates with a profit of $140.9 million. However, earnings show a slight decline from last year, raising questions about future performance.

Date: 
AI Rating:   7

Quarterly Earnings Overview

Mattel Inc. reported a profit of $140.9 million for the fourth quarter, surpassing typical market expectations. The earnings result translates to $0.42 per share, consistent with last year's figure. This indicates stability in earnings per share (EPS), even as the total profit saw a slight decrease from $147.3 million last year.

In terms of adjusted earnings, the company achieved $0.35 per share, which notably exceeded analyst expectations of $0.20 per share. This shows a strong performance relative to what market analysts were predicting, reflecting positively on the company's ability to manage costs and drive profitability despite challenges.

Revenue Growth

Mattel's revenue grew by 1.6% year-over-year, reaching $1.646 billion compared to $1.620 billion for the same period the previous year. This modest growth in revenue suggests a consistent demand for its products, contributing to the company's overall positive outlook.