Mattel Q2 EPS $0.10 Beats $(0.02) Estimate, Sales $1.09B Beat $984.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mattel reported Q2 earnings of $0.10 per share, beating the analyst consensus estimate of $(0.02) by 600%. However, this is a 44.44% decrease from the same period last year. The company also reported quarterly sales of $1.09 billion, beating the estimate of $984.72 million by 10.69%, but this is an 11.81% decrease from last year.
July 26, 2023 | 8:06 pm
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NEUTRAL IMPACT
Mattel's Q2 earnings and sales beat estimates but are down YoY. This mixed result could lead to uncertain market reactions.
While Mattel beat estimates for Q2 earnings and sales, the YoY decrease in both metrics could be a concern for investors. This mixed result could lead to uncertain market reactions in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100