Market Overview

UPDATE: Mattel Posts Downbeat Q4 Profit, Lifts Dividend

Related MAT
Worst Performing Industries For October 1, 2015
Worst Performing Industries For September 24, 2015
Mattel (MAT) Looks Good: Stock Adds 8.5% in Session (Zacks)

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


Related Articles (MAT)

View Comments and Join the Discussion!

Get Benzinga's Newsletters