Mattel: 3Q Earnings Snapshot

EL SEGUNDO, Calif. (AP) _ Mattel Inc. (MAT) on Thursday reported third-quarter net income of $6.3 million, after reporting a loss in the same period a year earlier.

The El Segundo, California-based company said it had profit of 2 cents per share. Earnings, adjusted for severance costs and pretax expenses, were 18 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.

The toy maker posted revenue of $1.44 billion in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $1.51 billion.

Mattel shares have declined 10 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 1 percent. In the final minutes of trading on Thursday, shares hit $13.84, a drop of 10 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MAT at https://www.zacks.com/ap/MAT