Mattel Inc. reported a 15 percent increase in second quarter profit driven by strong worldwide sales of Barbie dolls, as well as Hot Wheels and Matchbox cars.
The El Segundo toy maker reported net income of $43 million (11 cents per share), compared with $37 million (10 cents) from the same period a year earlier. The results were in line with Wall Street's expectations, according to a poll by Thomson Financial.
Gross sales totaled $1.02 billion, up 6.5 percent, also inline with analysts' expectations.
Sales of the company's hallmark Barbie dolls were up 6 percent globally, but were down 5 percent domestically. Sales of Hot Wheels and Matchbox cars were up 15 percent worldwide.
"Both we and retailers feel good about the (Barbie) line," said Mattel Chairman and Chief Executive Robert Eckert. "I continue to feel good about where we are strategically, but we continue to have work to do in the U.S."
Shares in Mattel were up 83 cents, more than 3 percent, to $27.36 in afternoon trading on the New York stock Exchange Monday.
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