EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — Mattel Inc. (MAT) on Monday reported a loss of $40.3 million in its first quarter.
The El Segundo, California-based company said it had a loss of 12 cents per share. Losses, adjusted for one-time gains and costs, were 3 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The toy maker posted revenue of $826.6 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $799.7 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MAT at https://www.zacks.com/ap/MAT
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