MAT - Mattel - toysRthem Message Board

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Non-Tech : MAT - Mattel - toysRthem

MAT 19.86

-0.9%

2:47 PM EST

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To: Mike 2.0 who wrote (296)	10/22/1999 12:33:00 PM
From: Duker	of 706

Mattel estimates cut NEW YORK, Oct 22 (Reuters) - US Bancorp Piper Jaffray said on Friday it cut earnings per share estimates of Mattel Inc. (NYSE:MAT - news) for the fourth quarter, full-year 1999 and 2000. -- cut fourth quarter EPS to $0.27 from $0.57. -- cut 1999 EPS to $0.75 from $1.05. -- cut 2000 EPS to $1.00 from $1.60. -- Target price is set at $18-$20 after Mattel reported disappointing third quarter earnings, US Bancorp's analyst Anthony Gikas said in a report. -- Business fundamentals appear off track. -- December quarter show modest growth. -- Buy rating is maintained. -- Mattel shares off 1/16 at 13-1/16 in late morning trading Friday on the New York Stock Exchange.

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