Investing.com - Mattel (NASDAQ:MAT) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mattel announced earnings per share of $0.53 on revenue of $1.8B. Analysts polled by Investing.com anticipated EPS of $0.3253 on revenue of $1.65B.
Mattel shares are down 4% from the beginning of the year and are trading at $24.68 , down-from-52-week-high.They are broadly in line with the S&P 500 which is down 3.77% from the start of the year.
Mattel shares gained 8.48% in after-hours trade the report.
Mattel follows other major Consumer Discretionary sector earnings this month
Mattel's report follows an earnings beat by Amazon.com on February 3, who reported EPS of $27.75 on revenue of $137.41B, compared to forecasts EPS of $3.61 on revenue of $137.68B.
Tesla had beat expectations on January 26 with fourth quarter EPS of $2.54 on revenue of $17.72B, compared to forecast for EPS of $2.36 on revenue of $17.13B.
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