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Mattel soars after earnings smashed estimates and after the Barbie maker calls its whistleblower allegations 'unfounded'

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Shares rose more than 18% in premarket trading.

Mattel, the toymaker soared more than 18% in premarket trading. The firm beat estimates in revenue and earnings per share, according to CNBC. Mattel also said that while it had misstated public financial statements in 2017, a whistleblower complaint earlier this year was unfounded. Watch Mattel trade live. View Business Insider's homepage for more stories.

Mattel, the toymaker soared more than 18% in premarket trading. The firm beat estimates in revenue and earnings per share, according to CNBC. Mattel also said that while it had misstated public financial statements in 2017, a whistleblower complaint earlier this year was unfounded. Watch Mattel trade live. View Business Insider's homepage for more stories.

 

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