Mattel Earnings: Falls Short of Analyst Estimates

Mattel Inc. (NASDAQ:MAT) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.31%.

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Mattel Inc. Earnings Cheat Sheet

Results: Net income decreased -17.29% to $306.5 million ($1.12 per diluted share) in the quarter versus a net gain of $370.58 million in the year-earlier quarter.

Revenue: Rose 4.93% to $2.26 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Mattel Inc. reported adjusted net income of $1.12 per share. By that measure, the company missed the mean analyst estimate of $1.15. It missed the average revenue estimate of $2.29 billion.

Quoting Management: “We had another great year at Mattel with record sales for both total company and our International division, stronger gross margins and our second year of more than $1 billion in operating profit,” said Bryan G. Stockton, Chairman and CEO of Mattel. “These results are particularly gratifying given the challenging global economic and cost environment.”

Key Stats:

Revenue increased 8.77% from $2.08 billion in the previous quarter. Net income decreased 16.24% from $365.94 million in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.09 and has not changed. For the current year, the average estimate has moved up from a profit of $2.53 to a profit of $2.54 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)