Summary
LOS ANGELES -- Mattel Inc.'s fourth-quarter profit rose 15 percent as international sales and favorable currency exchange rates offset weak domestic sales for the world's largest toy maker.
The company, which faced a tough holiday season, marked by fierce price wars, also cautioned investors Tuesday of challenging times ahead in toyland, and promised changes to invigorate its brands, including Barbie.See the full content of this document
Extract
Mattel Profits Up 15% for Quarter
Mattel, based in El Segundo, Calif., reported net income of $213.9 million, or 49 cents per share, in the quarter ended Dec. 31, compared with $186.1 million, or 42 cents per share, in th...
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