Mattel bets on cost savings to drive 2024 profit as toy demand dulls
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Mattel's (MAT) Q4 results fall short but shares climb on solid profit guidance
February 7, 2024 4:46 PM ESTMattel (NASDAQ: MAT) reported worse-than-expected earnings and revenue for the fourth quarter but issued an upbeat profit outlook for fiscal 2024.
The stock climbed 0.2% in after-hours trading.
The toy maker posted Q4 earnings per share (EPS) of $0.29, missing the consensus estimates of $0.33. Revenue came in at $1.62 billion, also below the estimated $1.66... More
