Mattel (MAT) shot to the top of the S&P 500 on Friday, helped by a new international distribution deal.
Mattel gained 91 cents, or 6%, to $16.14, while the S&P 500 rose 12.27 points, or 0.44%, to 2810.30.
Mattel said on Thursday that it and DHX Media had inked “numerous international deals” for the latest seasons of Fireman Sam and Bob the Builder, for traditional TV as well as on-demand.
Mattel will report fourth quarter earnings on Feb. 1. UBS’s Arpiné Kocharyan writes that he expects both Mattel and Hasbro (HAS) to report a weaker finish to the year, warning that consensus numbers for Mattel don’t reflect its guidance or read-through data about holiday sales.
Mattel is up 4.9% year to date, although it’s tumbled more than 46% in the past year.
