Mattel (MAT) Misses Q3 EPS by 9c, Sales Miss

Mattel (NASDAQ: MAT) reported Q3 EPS of $0.71, $0.09 worse than the analyst estimate of $0.80. Revenue for the quarter came in at $1.79 billion versus the consensus estimate of $1.89 billion.

Our results for the quarter, excluding the significant impact from currency exchange rates, were broadly in line with our expectations at this stage of our turnaround," said Christopher Sinclair, Mattel Chairman and CEO. "Importantly, we're very encouraged by the progress we are making on reenergizing the company, building momentum in our core brands, improving retail execution, reducing costs and building scale in key emerging markets. As we continue our turnaround efforts, we remain comfortable with our full-year outlook."

For earnings history and earnings-related data on Mattel (MAT) click here.

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