Mattel: Q4 Financial Highlights

Mattel Reports Fourth-Quarter Financial Results

Mattel Inc., headquartered in El Segundo, California, announced a net profit of $106.2 million for the fourth quarter.

The company’s earnings translated to $0.34 per share, while adjusted earnings, which exclude certain one-time expenses, came in at $0.39 per share.

These figures fell short of analyst predictions. According to a survey by Zacks Investment Research involving six analysts, the consensus estimate was $0.53 per share.

During the same period, Mattel generated $1.77 billion in revenue, which also did not meet expectations. Four analysts polled by Zacks had anticipated revenue of $1.84 billion.

Looking ahead, Mattel projects its annual earnings to fall between $1.18 and $1.30 per share.