Shares of Mattel were deep in the red on Wednesday after the company revealed that it would be slashing 2,200 jobs as part of a cost savings plan. The company also reported dismal quarterly results that missed in sales. For the quarter, net loss was $240.9 million, or 70 cents a share. In the year … Continue reading “Mattel to Terminate Over 2,000 Jobs”
Tag: Ynon Kreiz
Hot Stocks
Toy Maker Mattel Posts Wider Than Expected Q1 Loss
Mattel shares exploded in after-hours trading on Thursday after the company reported its first quarter…
April 28, 2018