Mattel's quarterly profit tops analysts' estimates

Reuters

Oct 16 (Reuters) - Mattel Inc topped Wall Street'sprofit estimates for the third quarter, benefiting from strongdemand for its American Girl and Monster High dolls.

The world's largest toy company, also home to brands such asBarbie, Hot Wheels and Fisher-Price, said on Wednesday that netincome rose to $422.8 million, or $1.21 a share, from $365.9million, or $1.04 a share, a year earlier.

Analysts on average expected a profit of $1.12 a share,according to Thomson Reuters I/B/E/S.

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