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Mattel’s Q1 Profit Slumps 53%, Missing View (MAT)

By Dividend.com,  April 16, 2012, 08:42:09 AM EDT

Toy maker Mattel, Inc. ( MAT ) on Monday posted weaker-than-expected first quarter earnings, sending its shares falling in premarket trading.

The El Segundo, CA-based company reported first quarter net income of $7.8 million, or 2 cents per share, compared with $16.6 million, or 5 cents per share, in the year-ago period.

Net sales fell 2% from last year to $928.4 million.

On average, Wall Street analysts expected a higher profit of 7 cents per share, on larger revenue of $988.62 million.

Mattel shares fell $1.88, or -5%, in premarket trading Monday.

The Bottom Line
We have been recommending shares of Mattel ( MAT ) since Jan.31, when the stock was trading at $29.53. The company has a 3.63% dividend yield, based on Friday's closing stock price of $34.13.

Mattel, Inc. ( MAT ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: MAT



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