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Mattel reports second-quarter loss but tops expectations

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EL SEGUNDO, California — Mattel Inc. (MAT) on Thursday reported a second-quarter loss of $11.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the El Segundo, California-based company said it had a loss of 3 cents. Earnings, adjusted for non-recurring costs, came to 1 cent per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.

The toy maker posted revenue of $988.2 million in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $999.9 million.

Mattel shares have declined 19 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 3 percent. In the final minutes of trading on Thursday, shares hit $25.18, a decline of 36 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MAT at http://www.zacks.com/ap/MAT

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Keywords: Mattel, Earnings Report

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