Mattel Q3 2024 Adj. EPS $1.09 Beats $0.95 Estimate, Sales $1.843B Miss $1.858B Estimate
Portfolio Pulse from Benzinga Newsdesk
Mattel reported Q3 2024 earnings per share of $1.09, surpassing the expected $0.95, but sales of $1.843 billion fell short of the $1.858 billion estimate. Sales decreased by 3.96% compared to the same period last year.
October 23, 2024 | 8:06 pm
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NEUTRAL IMPACT
Mattel's Q3 2024 earnings per share exceeded expectations, but sales fell short, indicating mixed performance. The EPS beat may boost investor confidence, but the sales miss and year-over-year decline could raise concerns.
The EPS beat suggests strong cost management or operational efficiency, which is positive. However, the sales miss and decline compared to last year may indicate challenges in revenue growth, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100