— Toymaker Mattel, Inc. (NASDAQ: MAT) reported adjusted earnings of $0.11 per share for the fourth quarter of 2019, vs. $0.01 per share expected.
— Net income was flat during the three-month period, compared to $9.6 million or $0.03 per share in the fourth quarter of 2018
— At $1.47 billion, net sales were down 3% year-over-year, vs. $1.5 billion analysts had forecast
— Net Sales in the North America segment decreased 3%; International sales were flat
— Net Sales in the American Girl segment decreased by 20%; Achieved structural simplification run-rate savings of $875 million
— Worldwide gross sales for Dolls were down 6%; global sales for the Infant, Toddler, and Preschool segment dropped 9%
— Gross Sales for Vehicles edged up by 1%; gross sales for Action Figures, Building Sets and Games climbed 9%
