Reports Q4 revenue $1.77B, consensus $1.83B. Ynon Kreiz, Chairman and CEO of Mattel (MAT), said: “We achieved strong topline growth in the fourth quarter and consumer demand was positive in every region for both the quarter and full year, but December gross billings in the U.S. ended up growing less than expected. Our international business was positive for the year and we gained market share in key categories globally.”
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MAT:
- Game On: PlayStation, Take-Two, EA, Roblox report quarterly results
- Mattel, Nintendo announce launch of Little People My Mario
- MAT Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Mattel price target raised to $22 from $20 at Roth Capital
- Michael Burry Names the Companies He Thinks GameStop Should Acquire
