mattel pr - Mattel (NYSE: MAT) reported that its...

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Mattel (NYSE: MAT ) reported that its fourth-quarter profit fell 46% to $176.4 million, or 49 cents a share, on sales of $1.94 billion from $2.19 billion as it was hurt by the stronger dollar and the weakest holiday season in decades. This was much lower than analyst estimates for the toymaker of 72 cents of profit on $2.2 billion of sales, according to Thomson Reuters. MAT shares declined over 18% in premarket trading.
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  EL SEGUNDO, Calif., February 2, 2009 – Mattel, Inc. (NYSE:MAT) today reported 2008 fourth quarter and full-year financial results. For the quarter, the company reported net income of $176.4 million, or $0.49 per share, compared to last year’s fourth quarter net income of $328.5 million, or $0.89 per share. For the year, the company reported net income of $379.6 million, or $1.05 per share, compared to last year’s net income of $600.0 million, or $1.54 per share. “Our business wasn’t immune from the deteriorating economic environment of 2008,” said Robert A.
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mattel pr - Mattel (NYSE: MAT) reported that its...

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