Mattel announces cost cuts after fourth-quarter results miss expectations

Mattel announces cost cuts after fourth-quarter results miss expectations

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Toy maker Mattel Inc. on Wednesday reported fourth-quarter results that missed expectations, with the company saying it plans to cut costs this year while continuing to buy back stock. The cost cuts would follow layoffs by rival Hasbro Inc. HAS, amid a slowdown in demand for toys. They also come…

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