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Is It Finally Time to Buy Mattel?

TheMotleyFool

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Mattel's (NASDAQ: MAT) stock recently popped after the toy maker posted strong third-quarter numbers that topped Wall Street's expectations. Its revenue rose 3% annually (4% in constant currency terms) to $1.48 billion, clearing estimates by $40 million and marking its second straight quarter of growth on a reported basis.

Mattel's non-GAAP earnings rose 44% to $0.26 per share, beating estimates by $0.07 and marking its first adjusted profit in three quarters. On a GAAP basis, its earnings rose tenfold to $0.20 per share.

Image source: Getty Images.

Source Fool.com

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