05:03 PM EDT, 04/23/2024 (MT Newswires) -- Mattel ( MAT ) Tuesday night reported a Q1 adjusted loss of $0.05 per diluted share compared with a $0.24 loss a year earlier.

Analysts polled by Capital IQ expected a $0.12 loss.

Revenue for the quarter ended March 31 was $809.5 million, down from $814.6 million a year earlier.

Analysts expected $832.9 million.

For fiscal 2024, the toy company is projecting EPS of $1.35 to $1.45 on revenue comparable to its $5.44 billion in 2023 sales.

Analysts polled by Capital IQ are looking for $1.39 and $5.43 billion, respectively.

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