Investing.com - Mattel (NASDAQ:MAT) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mattel announced earnings per share of $0.08 on revenue of $1.04B. Analysts polled by Investing.com anticipated EPS of $-0.0382 on revenue of $917.02M.
Mattel shares are down 7% from the beginning of the year and are trading at $25.25 , down-from-52-week-high.They are outperforming the Nasdaq which is down 20.17% from the start of the year.
Mattel shares gained 3.10% in after-hours trade after the report.
Mattel follows other major Consumer Discretionary sector earnings this month
Mattel's report follows an earnings beat by Tesla on Wednesday, April 20, 2022, who reported EPS of $3.22 on revenue of $18.76B, compared to forecasts EPS of $2.26 on revenue of $17.87B.
BYD ADR had missed expectations on Tuesday, March 29, 2022 with first quarter EPS of $0.0661 on revenue of $11.18B, compared to forecast for EPS of $0.2333 on revenue of $6.72B.
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