Filed under: Earnings Reports, Mattel, Inc (MAT)
Toy titan Mattel (MAT) announced Friday morning that its second-quarter income more than doubled, driven by Barbies and "Toy Story 3" toys. MAT logged income of 14 cents per share during the quarter, far better than the six cents per share earned in the same quarter a year ago.
Unfortunately, while the earnings were far better than a year ago, the toymaker missed the Street's estimate by a penny. Revenue checked in at $1.02 billion, 13% better than last year and matching expectations.
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Mattel's Second-Quarter Income Doubles originally appeared on BloggingStocks on Fri, 16 Jul 2010 08:30:00 EST. Please see our terms for use of feeds.
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Mattel - Toy Story 3 - BloggingStocks - Barbie - Arts