This morning, Mattel (NASDAQ:MAT) reported fourth quarter earnings of $369.2 million, or $1.07 per share, as revenue slipped to $2.11 billion. The company missed Wall Street estimates on both the top and bottom line, sending shares lower on Friday morning. For the full year, revenue only increased by 1% which the company blamed on domestic weakness. In the report, Mattel reiterated its plans to invest in emerging market economies where the middle class is growing the fastest. Shares of Mattel were off 9% so far today.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.