Mattel Inc. (NASDAQ: MAT) shares are trading higher Tuesday, even after the toymaker announced it would pause its full-year 2025 guidance due to tariff uncertainty.
Wall Street edged lower by midday Tuesday as uncertainty surrounding trade policies lingered, with investors adopting a cautious approach ahead of Wednesday’s Federal Reserve meeting.
Toy manufacturing and entertainment company (NASDAQ:MAT) announced better-than-expected revenue in Q1 CY2025, with sales up 2.1% year on year to $826.6 million. Its non-GAAP loss of $0.03 per share was 70.4% above analysts’ consensus estimates.
Toymaker Mattel reported first-quarter revenue of $827 million, beating analyst estimates of $786.01 million. The company reported a first-quarter adjusted loss of 3 cents per share, beating estimates for a loss of 10 cents per share, per Benzinga Pro.
Wall Street kicked off the week with a cautious tone, as major stock indices hovered near the flatline by midday in New York. Investors digested fresh signs of inflationary pressure in the services sector, raising doubts about near-term rate cuts and weighing on risk appetite.
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Mattel shares are trading higher on Monday after the company announced a multi-year extension of its global licensing agreement with WWE, a subsidiary of TKO Group Holdings.
