Mattel Stock Falls On Sales Miss, Guidance Cut: Tariffs Hit Barbie

Toy company Mattel Inc MAT reported second-quarter financial results after market close Wednesday.Here are the key highlights.What Happened: Mattel reported second-quarter net sales of $1.019 billion, down 6% year-over-year. The net sales missed a Street consensus estimate of $1.068 billion according to data from Benzinga Pro.The company reported earnings per share of 19 cents, beating a Street consensus estimate of 17 cents per share."Our second quarter performance reflects operational excellence in the cu ...