Investing.com - Mattel (NASDAQ:MAT) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mattel announced earnings per share of $-0.26 on revenue of $732.1M. Analysts polled by Investing.com anticipated EPS of $-0.34 on revenue of $675.4M.
Mattel shares are down 14% from the beginning of the year and are trading at $12.25 , down-from-52-week-high.They are under-performing the Nasdaq which is up 16.59% from the start of the year.
Mattel shares gained 5.33% in after-hours trade the report.
Mattel follows other major Consumer Cyclical sector earnings this month
Mattel's report follows an earnings beat by Tesla on Wednesday, who reported EPS of $2.18 on revenue of $6.04B, compared to forecasts EPS of $-0.19 on revenue of $5B.
Nike had missed expectations on June 25 with fourth quarter EPS of $-0.51 on revenue of $6.31B, compared to forecast for EPS of $0.09 on revenue of $7.3B.
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