Mattel Q1 revenue beats estimates but shares fall 6.6%

Earnings

โดย Yahoo Finance·Read original

Summary · why it matters

Mattel reported first-quarter revenues of $862.2 million, up 4.3% year on year and exceeding analysts' expectations by 6.6%, the biggest beat among four tracked consumer discretionary toys and electronics stocks. The company also raised its full-year EPS guidance above estimates and posted a decent beat on adjusted operating income. Despite the strong results, Mattel shares have fallen 6.6% since the report, trading at $13.90. Among peers, Hasbro delivered the fastest revenue growth at $1 billion, up 12.7%, but its stock dropped 13.4%, while Funko shares surged 21.7% after beating estimates and raising guidance. Bark was the weakest performer, with revenues down 25% to $86.57 million, missing estimates and issuing disappointing guidance.

Impact on stocks 4

Consumer Discretionary± Mixed · 4 stocks

▼ NegativeCapitalrelevance

Shares fell 6.6% despite beating Q1 revenue estimates and raising full-year EPS guidance.

▼ NegativeDemandrelevance

Revenues down 25% to $86.57 million, missing estimates and issuing disappointing guidance.

▲ PositiveCapitalrelevance

Beat estimates and raised guidance, causing shares to surge 21.7%.

▼ NegativeCapitalrelevance

Despite fastest revenue growth at $1 billion, stock dropped 13.4% after report.