Mattel Reports Mixed Q3 Results: EPS Beat, Revenue Miss
Portfolio Pulse from Erica Kollmann
Mattel reported mixed Q3 results with an EPS beat but a revenue miss. The company saw declines in Dolls and Infant categories but growth in Vehicles and Games. Mattel expects Q4 growth driven by a strong holiday season and market share gains.
October 23, 2024 | 8:53 pm
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Mattel's Q3 earnings beat expectations with $1.09 per share, but revenue missed at $1.843 billion. The company saw growth in Vehicles and Games but declines in Dolls and Infant categories. Mattel anticipates Q4 growth from a strong holiday season.
Mattel's earnings per share exceeded expectations, which is a positive indicator for investors. However, the revenue miss and declines in key categories like Dolls could be concerning. The positive outlook for Q4 and after-hours stock price increase suggest a short-term positive impact.
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