Mattel: Q3 Earnings Snapshot

EL SEGUNDO, Calif. (AP) — EL SEGUNDO, Calif. (AP) — Mattel Inc. (MAT) on Wednesday reported third-quarter net income of $146.3 million.

The El Segundo, California-based company said it had profit of 41 cents per share. Earnings, adjusted for pretax expenses and severance costs, came to $1.08 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.

The toy maker posted revenue of $1.92 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $1.83 billion.

Mattel expects full-year earnings in the range of $1.15 to $1.25 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MAT at https://www.zacks.com/ap/MAT