Mattel Reports Full Year and Fourth Quarter 2019 Financial Results
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Mattel (MAT) Tops Q4 EPS by 10c, Sales Miss
February 13, 2020 4:06 PM ESTMattel (NASDAQ: MAT) reported Q4 EPS of $0.11, $0.10 better than the analyst estimate of $0.01. Revenue for the quarter came in at $1.47 billion versus the consensus estimate of $1.5 billion.
Ynon Kreiz, Chairman and CEO, Mattel said: 2019 was an important inflection point in our turnaround. We stabilized our topline after five consecutive years of revenue decline, continued to significantly improve profitability, and achieved positive operating cash flow and positive free cash flow for the first time in three years. We are very encouraged by... More
