Share “News Summary: Mattel's 4Q results miss Street”

News Summary: Mattel's 4Q results miss Street

Published on NewsOK Modified: February 1, 2013 at 12:32 pm •  Published: February 1, 2013
Advertisement

GLUM SEASON: Mattel Inc., the world's largest toy maker, said Friday its fourth-quarter net income fell 17 percent, hurt by a litigation charge and weakness in some key brands like Barbie and Matchbox. Revenue rose 5 percent but results were short of expectations.

WHY IT MATTERS: The fourth quarter is key because toy makers can make up to 40 percent of annual sales during the period. Toy makers are facing a slowdown in the U.S. due partly to consumer worry over the economy.

WHAT'S NEXT: The maker of Hot Wheels toys and Monster High dolls is implementing a global price increase in the low single digits in 2013.


AROUND THE WEB

  1. 1
    Facebook Takes a Step Into Education Software
  2. 2
    50 incredible bars you should drink at in your lifetime
  3. 3
    Kim Davis is a Democrat. Why does that matter?
  4. 4
    Watch Oklahoma's top mental health officer dress, dance as Michael Jackson
  5. 5
    Tahlequah police tighten patrols in response to high-profile cases of violence toward officers
+ show more

FEATURED JOBS



× Trending business Article