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UPDATE 1-Mattel beats profit estimates as cost cuts take hold [Reuters]

Mattel, Inc. (MAT)  More Company Research Source: Reuters
Last mattel, inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
Mattel beats profit estimates as cost cuts take hold (Reuters) - Mattel Inc ( MAT.O ) on Thursday beat estimates for quarterly profit as it benefited from a robust cost-cutting program, even as holiday season sales of its flagship Barbie brand in North America were pressured by Hasbro Inc’s ( HAS.O ) “Frozen” dolls. Shares rose 4.8% to $15.09 in extended trading. The company exceeded its initial 2019 cost-cutting target of $650 million by 35% as Chief Executive Officer Ynon Kreiz looks to improve profitability through cutting jobs, closing manufacturing facilities and reducing products manufactured. Mattel now expects $50 million in savings in 2020 from a “capital light program”, which includes the closure of four factories in Asia, Mexico and Canada, Kreiz told Reuters. “We’re changing the way we operate,” said Kreiz, who took the helm in 2018. Mattel reported an adjusted profit of 11 cents per share in the fourth quarter ended Dec. 31, racing past expectations of 1 cent, accordi [Read more]
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Stockreport

UPDATE 1-Mattel beats profit estimates as cost cuts take hold [Reuters]

Mattel, Inc.  (MAT) 
More Company Research Source: Reuters
Last mattel, inc. earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.shareholder.com/mattel
Mattel beats profit estimates as cost cuts take hold (Reuters) - Mattel Inc ( MAT.O ) on Thursday beat estimates for quarterly profit as it benefited from a robust cost-cutting program, even as holiday season sales of its flagship Barbie brand in North America were pressured by Hasbro Inc’s ( HAS.O ) “Frozen” dolls. Shares rose 4.8% to $15.09 in extended trading. The company exceeded its initial 2019 cost-cutting target of $650 million by 35% as Chief Executive Officer Ynon Kreiz looks to improve profitability through cutting jobs, closing manufacturing facilities and reducing products manufactured. Mattel now expects $50 million in savings in 2020 from a “capital light program”, which includes the closure of four factories in Asia, Mexico and Canada, Kreiz told Reuters. “We’re changing the way we operate,” said Kreiz, who took the helm in 2018. Mattel reported an adjusted profit of 11 cents per share in the fourth quarter ended Dec. 31, racing past expectations of 1 cent, accordi [Read more]
IMPACT SNAPSHOT
EVENT TIME:
MAT
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS