Mattel (MAT) Stock Gains 9% on Q4 Beat and Raise
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Mattel forecasts full-year earnings above estimates as toy demand holds strong
February 9, 2022 4:33 PM ESTBy Deborah Mary Sophia and Uday Sampath Kumar
(Reuters) - Mattel Inc forecast full-year profit above estimates on Wednesday, with the company confident robust demand for its Barbie dolls and other toys will help it weather rampant supply chain disruptions, sending its shares up about 6% in extended trading.
Demand for toys has surged to a record high over the last year thanks to homebound parents looking to keep their children entertained indoors during the pandemic, helping toymakers such as... More
Mattel (MAT) Tops Q4 EPS by 23c
February 9, 2022 4:09 PM ESTMattel (NASDAQ: MAT) reported Q4 EPS of $0.53, $0.23 better than the analyst estimate of $0.30. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.65 billion.
GUIDANCE:
Mattel sees FY2022 EPS of $1.42-$1.48, versus the consensus of $1.39. Sees... More
