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UPDATE: Mattel Posts Downbeat Q4 Profit, Lifts Dividend

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Mattel (NASDAQ: MAT) reported a drop in its fourth-quarter profit.

Mattel's quarterly profit declined to $306.5 million, or $0.87 per share, from $370.6 milllion, or $1.07 per share, in the year-ago period.

Excluding one-time items, its adjusted net income came in at $1.12 per share. However, analysts were expecting a profit of $1.15 per share.

Its net sales climbed 5% to $2.26 billion. Mattel's board declared a Q1 cash dividend of $0.36 per share, versus $0.31 per share.

Mattel shares closed at $37.63 yesterday.

Posted-In: profitEarnings News

 

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