Reported 1 day ago
Mattel, Inc. (NASDAQ:MAT) saw its stock price fall by 16.39% to $16.89 after reporting disappointing quarterly earnings and lowering its revenue guidance for the year. The company's net income for Q2 dropped by 6% year-over-year, and for the first half of the year, net income fell by 54%. Mattel revised its full-year sales growth expectations down to 1-3% from 2-3%, further unsettling investors.
Source: YAHOO