EL SEGUNDO, Calif. (AP) _ Mattel Inc. (MAT) on Thursday reported a loss of $109.2 million in its second quarter.
On a per-share basis, the El Segundo, California-based company said it had a loss of 31 cents. Losses, adjusted for non-recurring costs, came to 26 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 38 cents per share.
The toy maker posted revenue of $732.1 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $673.6 million.
Mattel shares have declined 14% since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Thursday, shares hit $11.63, a drop of 5% in the last 12 months.