Mattel (MAT -8.1%) says the completion of its $680M acquisition of HIT Entertainment, the...

|By:, SA News Editor

Mattel (MAT -8.1%) says the completion of its $680M acquisition of HIT Entertainment, the company behind children’s brands Barnie and Bob the Builder, cost $0.04/share in Q1 earnings as the toy maker's $0.02 EPS fell short of the $0.07 consensus. But the stock is taking a beating anyway, as is rival Hasbro (HAS -2.6%), which reports its results next week.