EL SEGUNDO, Calif. (AP) — Mattel Inc. says strong holiday
demand for toys including Barbie, Hot Wheels and American Girl helped
push its fourth-quarter net income up 14 percent.
The holiday quarter is crucial for toy makers, who can make up to half of annual sales during the period.

The
No. 1 U.S. toy maker reported Tuesday that its net income rose to
$370.6 million, or $1.07 per share, for the period ended Dec. 31. That’s
up from $325.2 million, or 89 cents per share, a year ago.
This beat the $1 per share that analysts polled by FactSet expected.
Revenue edged up 1 percent to $2.15 billion, but missed Wall Street’s $2.22 billion.
Mattel,
based in El Segundo, Calif., is also raising its annual dividend by 35
percent. The company says its acquisition of HIT Entertainment is
expected to close on Wednesday.
Copyright 2012 The Associated Press.
EL SEGUNDO, Calif. (AP) — Mattel Inc. says strong holiday
demand for toys including Barbie, Hot Wheels and American Girl helped
push its fourth-quarter net income up 14 percent.
The holiday quarter is crucial for toy makers, who can make up to half of annual sales during the period.

The
No. 1 U.S. toy maker reported Tuesday that its net income rose to
$370.6 million, or $1.07 per share, for the period ended Dec. 31. That’s
up from $325.2 million, or 89 cents per share, a year ago.
This beat the $1 per share that analysts polled by FactSet expected.
Revenue edged up 1 percent to $2.15 billion, but missed Wall Street’s $2.22 billion.
Mattel,
based in El Segundo, Calif., is also raising its annual dividend by 35
percent. The company says its acquisition of HIT Entertainment is
expected to close on Wednesday.
Copyright 2012 The Associated Press.