BUZZ-Mattel rises after upbeat annual profit forecast
ReutersFeb 4, 2025 10:13 PM
Barbie parent Mattel's MAT.O shares jump nearly 9% to $19.68 after market
Toymaker forecasts 2025 profit above Wall Street expectations, beats holiday-quarter estimates
Expects adj profit per share in the range of $1.66 to $1.72, vs est $1.58 - LSEG
MAT says forecast takes into account potential impact of U.S. President Donald Trump's sweeping tariffs on China, Mexico and Canada
Company's Q4 net sales up 2% to $1.65 billion vs est of flat sales
Posts adj earnings of 35 cents/shr vs est 20 cents/shr
Stock fell 6% in 2024
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