Mattel Reports Q2 Beat, Shares Surge
<p><a href='https://financialmodelingprep.com/financial-summary/MAT'>Mattel (NASDAQ:MAT)</a> shares gained more than 3% intra-day today following the release of the company's second-quarter results. For the quarter, Mattel reported adjusted EPS of $0.10 on revenue of $1.09 billion. These results surpassed the expectations of analysts who had anticipated a loss per share of $0.04 on revenue of $998 million. However, it is worth noting that revenue experienced a 12% year-over-year decline, primarily due to a 6% drop in Barbie sales, which amounted to $282.7 million.</p>
<p>Despite the overall revenue decline, there was some positive growth in the total dolls gross billings, which rose by nearly 10% to $440.5 million. Nevertheless, the company has yet to fully capitalize on the ongoing Barbie frenzy, as it did not result in a more substantial financial boost during this quarter.</p>

NASDAQ:MAT