Mattel (MAT) Tops Q2 EPS by 3c
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Mattel Reports Second Quarter 2016 Financial Results And Declares Quarterly Dividend
July 20, 2016 4:05 PM EDTEL SEGUNDO, Calif., July 20, 2016 /PRNewswire/ -- For the second quarter of 2016, Mattel, Inc. (NASDAQ: MAT) reported worldwide net sales were down 3% as reported, and down 1% in constant currency, versus the prior year. Worldwide gross sales were down 4% as reported, and down 1% in constant currency. Reported operating loss was $11.7 million, and adjusted operating income was $6.2 million. Reported net loss per share was $0.06, and adjusted loss per share was $0.02.
"We are encouraged by our results in the second quarter, which reflect good ongoing progress in our turnaround," said Christopher Sinclair,... More
