THE NEWS: Mattel said Tuesday that its fourth-quarter net income rose 14 percent, better than analysts expected, while revenue edged up 1 percent to $2.15 billion.
THE CONTEXT: The holiday quarter is crucial for toy retailers, who can make up to half of their annual revenue during the period. Strong demand for Barbie and Monster High helped results. But U.S. sales fell 2 percent, and Fisher-Price was weak.
WHAT'S NEXT: The company said that its $680 million acquisition of HIT Entertainment, the company behind Thomas the Tank Engine and Bob the Builder, is expected to close Wednesday.
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