Recap: Mattel Q4 Earnings
Portfolio Pulse from Benzinga Insights
Mattel (NASDAQ:MAT) reported Q4 earnings with an EPS of $0.29, missing the estimated $0.32 by 9.38%. Revenue increased by $219 million from the previous year. Despite beating EPS estimates in Q3 2023, the share price dropped by 7.61% the following day. The company's past earnings performance shows mixed results with both beats and misses on EPS and revenue estimates.
February 07, 2024 | 9:10 pm
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Mattel reported a miss on Q4 earnings with an EPS of $0.29 against an estimate of $0.32, but showed a revenue increase from the previous year. The company's stock price had previously dropped by 7.61% following a Q3 earnings beat.
The miss on the estimated EPS for Q4 could lead to negative investor sentiment in the short term, especially considering the stock price drop following the Q3 earnings beat. However, the increase in revenue might offset some of the negative impact. The mixed past performance indicates potential volatility in the stock price following the earnings announcement.
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