10 Companies Jump on Better Earnings, Outlook

2. Mattel Inc. (NASDAQ:MAT)

Shares of Mattel Inc. jumped by 15.33 percent on Wednesday to end at $20.84 each as investors cheered news of a 153-percent surge in net income for the full year 2024.

In a statement on Wednesday, Mattel said net income last year settled at $542 million, marking a significant jump from the $214 million reported in 2023. Net sales, however, dipped by 1 percent to $5.38 billion from $5.44 billion year-on-year.

In the fourth quarter alone, net income dropped by 4 percent to $140.9 million from $147.3 million year-on-year, while net sales inched up by 2 percent to $1.65 billion from $1.62 billion.

For this year, Mattel said it was targeting to achieve growth in both topline and bottomline.

“Mattel’s 2025 guidance includes our expectation to grow top and bottom line, increase investments in digital games, and repurchase $600 million of shares. We are well positioned to continue to create long-term shareholder value,” said Mattel Chairman and CEO Ynon Kreiz.