EL SEGUNDO, Calif. (AP) — Mattel Inc.’s second-quarter net
income climbed 20 percent as sales of Hot Wheels, Barbie and Monster
High products increased. The results beat Wall Street estimates.
The
biggest U.S. toy maker reported Tuesday that its net income rose to
$96.2 million, or 28 cents per share, in the April to June quarter. That
compares with $80.5 million, or 23 cents per share, a year ago.
The performance beat the 20 cents per share analysts expected.
Revenue held at $1.16 billion, but topped Wall Street’s estimate of $1.13 billion.
Sales
of Hot Wheels climbed 11 percent, while Barbie sales rose 5 percent.
Fisher Price sales increased 2 percent and American Girl sales gained 3
percent.
Mattel, which is based in El Segundo, Calif., also declared a third-quarter dividend of 31 cents per
share.
Copyright 2012 The Associated Press.
EL SEGUNDO, Calif. (AP) — Mattel Inc.’s second-quarter net
income climbed 20 percent as sales of Hot Wheels, Barbie and Monster
High products increased. The results beat Wall Street estimates.
The
biggest U.S. toy maker reported Tuesday that its net income rose to
$96.2 million, or 28 cents per share, in the April to June quarter. That
compares with $80.5 million, or 23 cents per share, a year ago.
The performance beat the 20 cents per share analysts expected.
Revenue held at $1.16 billion, but topped Wall Street’s estimate of $1.13 billion.
Sales
of Hot Wheels climbed 11 percent, while Barbie sales rose 5 percent.
Fisher Price sales increased 2 percent and American Girl sales gained 3
percent.
Mattel, which is based in El Segundo, Calif., also declared a third-quarter dividend of 31 cents per
share.
Copyright 2012 The Associated Press.