Mattel Q2 2024 Adj EPS $0.19 Beats $0.17 Estimate, Sales $1.08B Miss $1.10B Estimate
Portfolio Pulse from Benzinga Newsdesk
Mattel (NASDAQ:MAT) reported Q2 2024 adjusted EPS of $0.19, beating the $0.17 estimate, but sales of $1.08 billion missed the $1.10 billion estimate. Sales decreased by 0.64% compared to the same period last year.
July 23, 2024 | 8:06 pm
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Mattel's Q2 2024 earnings per share of $0.19 beat estimates by 11.76%, but sales of $1.08 billion missed expectations by 1.59%. Sales also decreased by 0.64% year-over-year.
While Mattel's EPS beat expectations, the miss on sales and the slight year-over-year decline in sales may create mixed reactions in the market. Investors may be cautious due to the sales miss, but the EPS beat provides some positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100