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Mattel Q4 Beats Estimates

The maker of Barbie and American Girl brands, Mattel Inc posted net profit of $325.2 million, or 89 cents per share, compared with $328.4 million, or 89 cents per share, a year earlier for the fourth quarter which was 3 cents more than analysts’ estimations. Overall net sales at Mattel rose 9 percent to $2.12 billion, above the $2.09 billion analysts had expected. Sales included a reduction of 2 percentage points due to currency exchange rates but its gross sales were up 11 percent in the U.S. and 6 percent internationally.