jueves, 12 de noviembre de 2009

Affects Barbie Mattel profits

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The toy company reported third-quarter net profit fell to 229.8 million dollars, the low performance is attributed to sales of the famous doll and toy Fisher-Price.
Mattel Inc, the largest toy maker, on Friday reported a drop in third-quarter earnings due to economic weakness pushed sales of Barbie dolls and Fisher-Price toys.

The maker of Hot Wheels cars said net income fell to U.S. $ 229.8 million, or 63 cents per share, for the quarter ended Sept. 30, from about U.S. $ 238.1 million, or 65 cents per share, in the same period last year.

Analysts, on average, forecast earnings of 63 cents per share, before special items, according to Thomson Reuters I / B / E / S.

Mattel, which also makes dolls and toys from Walt Disney films, was a contraction of net sales from 8% to 1.790 million.

International sales fell 14%, while in the United States eased to 2%.

The worldwide gross sales of Barbie were depressed by 8%.

Shares of Mattel, which moved its listing to the Nasdaq stock exchange last month, closed Thursday at 19.58 dollars.

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