Sunday, March 1, 2015   

Girl power propels Mattel earnings
(10-16 19:34)

Mattel's third-quarter net income grew by 16 percent, buoyed by higher sales of American Girl dolls and Monster High products and strength in all regions.
Its results beat Wall Street expectations. Shares gained by 57 US cents to US$42.12 in pre-market trading.
The largest US toy company earned US$422.8 million, or US$1.21 per share, for the three months ended September 30. That's up from US$365.9 million, or US$1.04 per share, in the prior-year period.
Removing a tax benefit, earnings were US$1.16 per share. Analysts predicted earnings of US$1.11 per share.
Revenue for the California company was up 6 percent to US$2.21 billion from US$2.08 billion.
American Girl sales increased 20 percent.
Mattel Inc also declared a fourth-quarter dividend of 36 US cents per share.—AP
   
Other Business breaking news:
German MPs okay Greek bailout extension by big majority (02-27 18:45)
Hang Seng retreats, Shanghai gains (02-27 17:33)
Iberia and BA owner IAG posts profit, cites costs savings (02-27 17:28)
Airbus reports 2.3b euros earnings, predicts more orders (02-27 17:22)
Lloyds reports profits, announces first dividend since bailout (02-27 16:30)
Europe equities steady (02-27 16:19)
Novartis Japan hit with suspension over side-effect reporting (02-27 14:50)
Nikkei reaches new 15-year high (02-27 14:35)
Chinese got 6,985 US investor visas n 2013 (02-27 13:49)
Chinese billions in US open avenues for investment fraud (02-27 13:37)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.