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UPDATE: Mattel Q3 Net Profit Surges 16%

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Mattel (NASDAQ: MAT) reported a 16% gain in its third-quarter net income.

Mattel's quarterly net income surged to $442.8 million, or $1.21 per share, from $365.9 million, or $1.04 per share, in the year-earlier period.

Its sales rose 6% to $2.21 billion. However, analysts were estimating earnings of $1.12 per share on revenue of $2.17 billion.

Mattel shares closed at $41.55 yesterday.

Posted-In: profitEarnings News


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