EL SEGUNDO, Calif. (AP) _ Mattel Inc. (MAT) on Thursday reported fourth-quarter profit of $200,000.
On a per-share basis, the El Segundo, California-based company said it had profit of less than 1 cent. Earnings, adjusted for asset impairment costs and restructuring costs, came to 11 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The toy maker posted revenue of $1.47 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $1.49 billion.
For the year, the company reported that its loss narrowed to $213.5 million, or 62 cents per share. Revenue was reported as $4.5 billion.
Mattel shares have climbed slightly more than 6% since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 4%. In the final minutes of trading on Thursday, shares hit $14.40, a decline of 16% in the last 12 months.