Investing.com - Mattel (NASDAQ:MAT) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mattel announced earnings per share of $0.84 on revenue of $1.76B. Analysts polled by Investing.com anticipated EPS of $0.7222 on revenue of $1.68B.
Mattel shares are up 16% from the beginning of the year and are trading at $21.28 , down-from-52-week-high.They are under-performing the Nasdaq which is up 18.06% from the start of the year.
Mattel shares gained 4.67% 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 $1.86 on revenue of $13.76B, compared to forecasts EPS of $1.52 on revenue of $13.57B.
Nike had beat expectations on September 23 with first quarter EPS of $1.16 on revenue of $12.25B, compared to forecast for EPS of $1.12 on revenue of $12.47B.
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