Shares of toy maker Mattel plunged more than 15 percent on Friday after the company posted weaker-than-expected full year 2019 guidance during an analyst meeting in New York.
The company said it expects adjusted EBITDA to be in a range of $350 million to $400 million for 2019, below analysts expectations of $551.6 million, according to FactSet data.
This story is developing. Please check back for updates.
This article was originally published by Cnbc.com. Read the original article here.