Mattel quarterly profit falls on higher costs

By @ibtimes on

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)

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