Investing.com - Mattel (NASDAQ:MAT) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mattel announced earnings per share of $0.03 on revenue of $1.03B. Analysts polled by Investing.com anticipated EPS of $-0.0586 on revenue of $868.19M.
Mattel shares are up 50% from the beginning of the year and are trading at $21.97 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 16.05% from the start of the year.
Mattel shares gained 6.75% in after-hours trade the report.
Mattel follows other major Consumer Discretionary sector earnings this month
Mattel's report follows an earnings beat by Tesla on Monday, who reported EPS of $1.45 on revenue of $11.96B, compared to forecasts EPS of $0.9364 on revenue of $11.53B.
Louis Vuitton ADR had beat expectations on Monday with second quarter EPS of $1.74 on revenue of $17.39B, compared to forecast for EPS of $1.45 on revenue of $16.61B.
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