Actionable news
All posts from Actionable news
Actionable news in MAT: Mattel, Inc.,

Mattel (MAT) Stock Falls on Q1 Results, Jim Cramer’s Take

NEW YORK (TheStreet) -- Mattel (MAT - Get Report) stock is declining by 5.18% to $31.33 on heavy trading volume on Thursday morning, following the company's 2016 first quarter loss, which was larger than anticipated.

After yesterday's market close, the El Segundo, CA-based toymaker reported a loss of 13 cents per share for the quarter, while Wall Street was anticipating a loss of 7 cents per share, according to analysts surveyed by Thomson Reuters.

Revenue fell by 6% year over year to $869.4 million for the latest quarter, but surpassed estimates of $861.08 million. The...