Barbie, the No. 1 doll brand, helped lift Mattel’s third-quarter results. The largest U.S. toy maker reported that its net income rose 16 percent.
Its performance beat Wall Street expectations. The stock rose 1 percent Wednesday.
For the three months ended Sept. 30, Mattel earned $422.8 million, or $1.21 per share. That’s up from $365.9 million, or $1.04 per share, in the prior-year period. Removing a tax benefit of 5 cents per share, earnings were $1.16 per share. Analysts predicted earnings of $1.11 per share. Revenue rose 6 percent to $2.21 billion from $2.08 billion.