By midmorning, shares had taken off 1.4% to $37.33.
The company reported net income of a penny a share, 8 cents less than analysts surveyed by Thomson Reuters had expected.
Revenue slipped 5% year over year to $946.2 million. Analysts had forecast $952.93 million.By brand, Barbie sales dropped 14% and Fisher-Price fell 6%, while Hot Wheels and American Girl sales climbed 2% and 5%, respectively. Must Read: Warren Buffett's 10 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates MATTEL INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation: "We rate MATTEL INC (MAT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, notable return on equity and compelling growth in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
- You can view the full analysis from the report here: MAT Ratings Report