Mattel, owner of brand like Barbie, Polly Pocket and He-Man and increasingly a supplier of film and TV properties, posted vastly improved second-quarter results that beat Wall Street expectations. Total revenue of $1.03 billion shot up 40% from the year-ago period and far outpaced analysts’ forecast. Net losses of 2 cents a share narrowed considerably
Second Quarter Earnings
UPDATED with closing stock price. A strong return of its film and TV business, especially compared with a bleak 2020, helped Hasbro’s second quarter results easily beat Wall Street forecasts. Revenue surged 54% to $1.32 billion, while adjusted earnings per share reached $1.05, compared with two cents in the year-ago quarter. When factoring in the