EL SEGUNDO, California — Mattel Inc. reported Monday a 43 percent jump in fourth-quarter earnings fueled by strong sales of Barbie dolls, Hot Wheels and games.
The El Segundo, California-based company said it had net income of $215.2 million, or 63 cents a share, in the October-December period. That was up from $149.9 million, or 44 cents a share, a year earlier.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share in the latest quarter.
The toy maker posted revenue of $2 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $1.92 billion. Revenue was roughly unchanged from the fourth quarter of 2014.
For the year, profit fell 26 percent to $369.4 million, or $1.08 per share, from $498.9 million, or $1.46 per share. Revenue declined 5.3 percent, to $5.7 billion from $6 billion.
Fourth-quarter sales of Barbie rose 8 percent from a year earlier, while the "wheels" category that includes Hot Wheels and Matchbox soared 26 percent, and games increased 16 percent.
Mattel made a splash with Barbie last week when it unveiled three new body types for the famous doll — curvy, tall and petite. Barbie also will now come in seven skin tones, 22 eye colors and 24 hairstyles.
Mattel shares have dropped 1.5 percent since the beginning of the year, while the Standard & Poor's 500 index has dropped 5 percent.
The company's stock rose $1.43, or more than 5 percent, to $28.19 in after-hours trading following the release of the report.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MAT at http://www.zacks.com/ap/MAT
Keywords: Mattel, Earnings Report