Mattel, Inc. (MAT) Reports In-Line Q3 EPS; Increases Buyback by $500M

Mattel, Inc. (NASDAQ: MAT) reported Q3 EPS of $0.86, in-line with the analyst estimate of $0.86. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.97 billion.

Domestic gross sales up 6 percent and international gross sales up 13 percent.

The Mattel Board of Directors authorized the company to increase its previously announced share repurchase program by $500 million. Repurchases will take place from time to time, depending on market conditions.

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