Mattel Falls On CEO Resignation, Poor Holiday Quarter Update
January 26, 2015 at 11:10 AM EST
Shares of Mattel (MAT) were lower Monday morning as its CEO unexpectedly resigned on the heels of disappointing holiday sales. Chief Executive Bryan Stockton stepped down as the toymaker gave downbeat fourth quarter guidance, saying it expects that profit fell 59%, to 52 cents a share excluding one-time items, widely missing consensus estimates during the all-important [...]