EL SEGUNDO, Calif. (AP) 鈥� EL SEGUNDO, Calif. (AP) 鈥� Mattel Inc. (MAT) on Tuesday reported a loss of $18.2 million in its second quarter.
The El Segundo, California-based company said it had a loss of 6 cents per share. Earnings, adjusted for non-recurring costs, were 1 cent per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The toy maker posted revenue of $1.13 billion in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $1.08 billion.
Mattel expects full-year revenue in the range of $1.3 million to $1.4 million.
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