News Summary: Mattel 3Q beats estimates

Strong doll sales help Mattel beat 3rd-quarter earnings expectations

Associated Press

EARNINGS LIFT: Mattel's third-quarter net income rose 16 percent, buoyed for demand for dolls like Monster High, Barbie and American Girl as well as strength domestically and abroad. Revenue rose 6 percent to $2.21 billion.

BIG PICTURE: The quarterly results come as toy makers gear up for the holiday season, which can account for up to half of their annual revenue.

TOP TOYS: Barbie, the No. 1 doll brand, ended four straight quarters of sales decline and increased 3 percent during the quarter. Dolls in general continued to be a strong category, with sales of Monster High and American Girl also rising.

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