Mattel Q1 2024 Adj EPS $(0.05) Beats $(0.12) Estimate, Sales $810.00M Miss $831.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mattel reported Q1 2024 adjusted EPS of $(0.05), surpassing the $(0.12) estimate, but its sales of $810M fell short of the $831.8M forecast, marking a 0.56% year-over-year decline.
April 23, 2024 | 8:06 pm
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Mattel's Q1 2024 earnings beat EPS estimates but missed on sales, with a slight year-over-year decline.
While Mattel's better-than-expected EPS could be seen as a positive signal of operational efficiency or cost management, the miss on sales forecasts and the slight year-over-year decline might raise concerns about growth prospects. The mixed results could lead to neutral short-term stock price movement as investors weigh the positive EPS against the negative sales performance.
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