Mattel Pops More Than 6% After Losing Less Money Than Expected In Q1

April 16, 2015 9:32 PM

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in the post-Frozen world, posted first quarter earnings results Thursday afternoon that were better than what Wall Street expected to see, leading investors to send the stock for a more-than 6% surge in the after-hours trading session.

Mattel reported $922.7 million in first quarter revenue, a figure that is down 2% year-over-year but came in well above the $898 million analyst consensus. The toy manufacturer recorded a $58.2 million — or 17-cent per-share — net loss; excluding special items Mattel posted a $14.6 million net loss,...

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