Mattel (MAT) Surging on Q4 Estimate Beat
Mattel Inc MAT just released their fourth quarter fiscal 2015 earnings results, posting earnings of $0.63 and revenue of $2 billion.
Currently, MAT has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Mattel:
1. Beat earnings estimates. The company posted $0.63, beating our Zacks Consensus Estimate of $0.60.
2. Beat revenue estimates. The company saw revenue figures of $2 billion, surpassing our estimate of $1.922 billion. Revenue is up 0.5% on a year-over-year basis.
3. Reported operating income of $294.1 million.
4. "We are encouraged by our results in the quarter and for the year, which reflect solid progress on a number of important fronts," said Chris Sinclair, Mattel Chairman and CEO. "We achieved our goal of stabilizing the business, with improved gross sales both in the quarter and for the full year. In addition, we drove significant momentum across the majority of our core brands, most of which saw stronger retail sales and shipping, and we continued to make headway in key emerging markets like China and Russia.
5. MAT was up $1.74, or 6.50%, to $28.50 as of 4:22 PM ET in after hours trading shortly after its earnings report was released.
Here’s a graph that looks at Mattel’s long-term quarterly revenue and growth rate:
Mattel, Inc. designs, manufactures, and markets a broad variety of family products on a worldwide basis through both sales to retailers and direct to consumers. Mattel's business is dependent in great part on its ability each year to redesign, restyle and extend existing core products and product lines, to design and develop innovative new products and product lines, and successfully market those products and product lines. Mattel was founded in 1945 and is headquartered in El Segundo, California.
Check back later for our full analysis on Mattel’s fourth quarter earnings report!
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