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Shares of Mattel (MAT ) were down on Friday morning after the company reported lower earnings that missed analyst expectations.
MAT’s Chairman and Interim CEO Christopher Sinclair commented: “We are disappointed with our results but moving forward with a heightened sense of urgency to make the necessary changes to enhance our brand relevance and improve our execution.”
The company declared a 38 cent dividend. The dividend will be paid on March 6 to shareholders of record on February 19.