Mattel quarterly profit falls on higher costs

Mattel Inc , maker of Barbie dolls and Hot Wheels cars, reported a lower quarterly profit on higher costs.

The world's largest toy company said its first-quarter net income fell to $16.6 million, or 5 cents a share, from $24.8 million, or 7 cents a share, a year earlier.

(Reporting by Dhanya Skariachan)