Mattel Stock Drops Following Q3 Sales and Earnings Miss Amid Tariff Disruptions
Mattel shares declined after the company reported disappointing third-quarter results, with sales dropping 6% to $1.7 billion. The toymaker attributed the shortfall to retailers shifting order timing due to tariff uncertainty ahead of the holiday season.
Mattel Shares Slide After Quarterly Results Disappoint
Mattel Inc. shares reportedly slumped in after-hours trading after the toymaker announced it missed both sales and earnings targets for the third quarter, according to the company’s earnings release. The stock declined 5.3% following the announcement as investors reacted to the weaker-than-expected performance.