Last updated: October 16. 2013 6:36AM - 267 Views
Associated Press



FILE - In this Thursday, July 25, 2013, file photo, women with their children visit Barbie toys on display for sale at the Kids Fun Expo in Beijing.  Mattel, which manufactures Barbie toys, reports quarterly earnings on Oct. 16, 2013. (AP Photo/Andy Wong, File)
FILE - In this Thursday, July 25, 2013, file photo, women with their children visit Barbie toys on display for sale at the Kids Fun Expo in Beijing. Mattel, which manufactures Barbie toys, reports quarterly earnings on Oct. 16, 2013. (AP Photo/Andy Wong, File)
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(AP) Mattel's third-quarter net income rose 16 percent, buoyed by higher sales of American Girl and Monster High products and strength in all regions.


Its results beat Wall Street expectations. Its shares rose 57 cents to $42.12 in premarket trading.


The largest U.S. toy company earned $422.8 million, or $1.21 per share, for the three months ended Sept. 30. That's up from $365.9 million, or $1.04 per share, in the prior-year period.


Removing a tax benefit, earnings were $1.16 per share. Analysts predicted earnings of $1.11 per share.


Revenue for the El Segundo, Calif., company rose 6 percent to $2.21 billion from $2.08 billion. Wall Street expected $2.175 billion in revenue.


American Girl sales increased 20 percent.


Mattel Inc. also declared a fourth-quarter dividend of 36 cents per share.


Associated Press
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