Mattel posts higher net for holiday quarter

By IBTimes Staff Reporter | January 29 2010 6:48 AM

Top toy company Mattel Inc reported a higher profit for the holiday quarter on strong demand for its Fashionista Barbie dolls and Hot Wheels cars.

Sponsorship Link

The company, which recently gave its 50-year-old iconic product Barbie a facelift, said fourth-quarter net income rose to $328.4 million, or 89 cents a share, from $176.4 million, or 49 cents a share, a year earlier.

Net sales rose 1 percent to $1.96 billion.

(Reporting by Dhanya Skariachan; Editing by Lisa Von Ahn)

More in Politics

15-Year-Old Killed Siblings: West Point, Utah, Teenager Arrested After Allegedly Stabbing 2 Brothers To Death

15-Year-Old Killed Siblings: West Point, Utah, Teenager Arrested After Allegedly Stabbing 2 Brothers To Death

2 Arrested After Pakistani Flight Bound For Manchester Diverted To London [PHOTO]

2 Arrested After Pakistani Flight Bound For Manchester Diverted To London [PHOTO]

Viking Wars: Norway Wants To Boycott Ryanair, But Oslo Has Problems With Its Own Low-Cost Carrier, Too

Viking Wars: Norway Wants To Boycott Ryanair, But Oslo Has Problems With Its Own Low-Cost Carrier, Too

Japanese Prime Minister Shinzo Abe Embarks On Maiden Myanmar Trip To Deepen Economic Ties

Japanese Prime Minister Shinzo Abe Embarks On Maiden Myanmar Trip To Deepen Economic Ties

In Depth

Cruise Passengers Get ‘Bill Of Rights,’ But Critics Are Skeptical Of The Wording

Dear Cruise Passengers: Here’s Your New ‘Bill Of Rights’

Obama Heckler Medea Benjamin Of Code Pink Acknowledged During President's Drone Speech: 'That Woman Is Worth Listening To' [VIDEO, PHOTO]

Obama, With Deft Words, Copes With Heckler During Drone Speech

Westboro Baptist Church's 'God Hates Oklahoma' Site Hacked In Hilarious Fashion

Westboro's 'God Hates Oklahoma' Site Hacked For Good

Joe Biden's UPenn Commencement Address Upsets Chinese International Students

UPenn's Chinese Students Demand Biden Apologize For Graduation Speech

web counter