Mattel and Hasbro have lowered their 2024 year-end forecasts ahead of the key holiday season, citing sliding toy sales in the third quarter. Both companies beat Wall Street expectations for earnings per share but fell short on revenue. Mattel anticipates flat or slightly lower sales for the fourth quarter, while Hasbro predicts a more than 10% revenue decline for consumer products. Mattel shares rose 4% on Thursday, while Hasbro shares dropped 6%.