Mattel losses smaller than expected, stock surges

Mattel Inc. MAT, -2.07% shares rallied more than 8% in the extended session Thursday after the company posted revenue that topped estimates and narrower-than-expected losses. The toy maker reported first-quarter net losses of $183 million, or 53 cents a share, compared with losses of $311.3 million, or 90 cents a share, in the year-ago period.Revenue fell to $689.2 million from $708.4 million in the year-ago period. The company said it set aside $27.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan's Nomura posts first annual loss in a decade on wholesale business woesJapan's Nomura Holdings Inc on Thursday posted a net annual loss of 100.4 b... Nomura Loss! 日本 大型 券商 Nomura 报告 虧損 8.97億 美元！ 如果对 大型券商 来说很困难，对我们个人 交易 员来说就不那么容易了！ 外汇 人民币 美股 澳元 英镑 欧元 外匯 投资 美GDP 超预期 黄金 创新高 特朗普告知OPEC降价，原油 “闪崩”4% 对冲基金 香港 汇率 $usdhkd $usdcny
Source: Reuters - 🏆 2. / 97 Read more »

Mattel soars on narrower-than-expected lossShares of Mattel skyrocketed as much as 14 percent after the closing bell Thursday after the company posted a narrower earnings loss than analysts had expected.
Source: CNBC - 🏆 12. / 72 Read more »