Toying With Expectations: Mattel's Q3 Miss Leads To Price Target Tweaks

Mattel, Inc. MAT shares are trading higher on Thursday. Analysts adjusted the company’s price target following the third-quarter results reported on Wednesday.Mattel reported EPS of $1.09 per share, which beat the analyst consensus estimate of 95 cents. Quarterly revenue came in at$1.843 billion, which missed the analyst consensus estimate of $1.858 billion.Mattel revised FY24 net sales guidance to comparable-slightly down in constant currency while maintaining adjusted EPS outlook at$1.35 and $1.45 versu ...