Mattel (MAT) Tops Q2 EPS by 15c, Revenue Beats
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'Toy Story 4', Barbie star in Mattel's surprise revenue rise
July 25, 2019 4:31 PM EDTBy Uday Sampath Kumar and Aditi Sebastian
(Reuters) - Mattel Inc (NASDAQ: MAT) saw a big boost in demand for its action figures after the worldwide success of the latest "Toy Story" movie while a Barbie makeover lifted sales of the iconic doll, helping it report a surprise rise in quarterly revenue.
The toymaker also hit its full-year cost savings target six months ahead of plan and posted a much smaller-than-expected loss, propelling its shares 5% higher on Thursday.
Mattel is hoping to ride the "Toy Story" wave and its Chief... More
