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Mattel Reports Mixed Q1 Results: EPS Beat, Revenue Misses - Mattel (NASDAQ:MAT)

Mattel reported quarterly losses of 5 cents per share which beat the analyst consensus estimate of losses of 12 cents per share.

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Toymaker Mattel s quarterly loss smaller than expected as cost cuts pay off | WKZO | Everything Kalamazoo

By Granth Vanaik (Reuters) - Mattel posted a smaller-than-expected loss for the first quarter on Tuesday, helped by the Barbie maker's tight leash on costs while demand remains tepid for its toys and games. Shares of the company were up 4% in exten.

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Toymaker Mattel s quarterly loss smaller than expected as cost cuts pay off

(Reuters) -Mattel posted a smaller-than-expected loss for the first quarter on Tuesday, helped by the Barbie maker's tight leash on costs while demand remains tepid for its toys. "We are off to a good start for the year with significant margin expansion and very strong improvement in free cash flow," CEO Ynon Kreiz said in an interview with Reuters. Mattel's gross margin grew 8 percentage points to 48% in the first quarter, also in part due to easing input costs as well as lower inventory management expenses.

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Toymaker Mattel s quarterly loss smaller than expected as cost cuts pay off

Toymaker Mattel s quarterly loss smaller than expected as cost cuts pay off
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Mattel Posts Narrower Loss, Thanks to Hot Wheels Growth and Lower Costs

(Bloomberg) Mattel Inc. shares rose in extended trading after the toymaker reported a smaller-than-expected first-quarter loss, benefiting from fast sales of its Hot Wheels miniature cars and lower costs.Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapTesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of EarningsBillionaire Pinaults Figh

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