Mattel 1Q profit rises, Monster High sales climb

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Associated Press

Posted on April 17, 2013 at 7:02 AM

EL SEGUNDO, Calif. (AP) — Mattel's first-quarter net income more than quadrupled, as sales of Monster High and American Girl products rose.

The world's largest toy maker's net income for the January-to-March quarter totaled $38.5 million, or 11 cents per share. That's up from $7.8 million, or 2 cents per share, a year ago.

Analysts expected earnings of 8 cents per share.

The prior-year period's results were weighed down by acquisition costs.

Revenue climbed 7 percent to $995.6 million from $928.4 million. Wall Street expected $984.2 million.

The first-quarter is the seasonally smallest for toy makers.

But Mattel Inc. saw solid sales across North America and overseas. American Girl gross sales increased 32 percent, while worldwide gross sales of other girls brands — which includes Monster High — surged 56 percent.

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