Mattel’s shares sink as the Street loses confidence in its turnaround – CNBC


CNBC
Mattel’s shares sink as the Street loses confidence in its turnaround
CNBC
Lackluster first-quarter sales and a weaker-than-expected gross margin have lead to questions about whether the toy maker can complete its promised turnaround. Shares of the company closed over 13 percent lower on Friday, last changing hands at $21.79.
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