EL SEGUNDO (dpa-AFX) - Mattel Inc. (MAT) reported a first-quarter net loss of $11.2 million, or $0.03 per share, compared to net income of $38.5 million, or $0.11 per share, previous year.
On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.09 for the quarter. Analysts' estimates typically exclude special items.
Net sales decreased 5% to $946.2 million from $995.6 million. Analysts expected revenue of $953.92 million for the quarter.
On a regional basis, first-quarter gross sales decreased 2% in the North American Region, which consists of the U.S., Canada and American Girl, including a 1 percentage point unfavorable impact from changes in currency exchange rates. For the International Region, gross sales decreased 7%, including a 1 percentage point unfavorable impact from changes in currency exchange rates.
The company also announced that its Board has declared a second quarter cash dividend of $0.38 per share on the common stock. The dividend will be payable on June 13, 2014 to stockholders of record on May 23, 2014.
Copyright RTT News/dpa-AFX