Mattel Inc. (MAT) Misses Q4 EPS by 41c

Mattel Inc. (NASDAQ: MAT) reported Q4 EPS of $0.52, $0.41 worse than the analyst estimate of $0.93. Revenue for the quarter came in at $1.99 billion versus the consensus estimate of $2.16 billion.

"We are disappointed with our results but moving forward with a heightened sense of urgency to make the necessary changes to enhance our brand relevance and improve our execution,” said Christopher Sinclair, Mattel Chairman and Interim CEO. "Over the next few months, I will be focused on working with the management team to thoroughly evaluate the business in order to identify how we can improve our top-line performance and drive profitability. I am confident in our ability to revitalize our brands and our business and fully committed to delivering greater value for shareholders.”

For earnings history and earnings-related data on Mattel Inc. (MAT) click here.

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