'Cars 2' Toys, Disney Princesses Help Drive Mattel's Third-Quarter Results

our editor recommends'Toy Story 3' boosts Mattel profitsCarl Icahn Unloads Yahoo Stock, Buys Mattel Shares NY - Toy giant Mattel on Friday reported a 6.2 percent grow in third-quarter earnings assisted by sales of toys associated with Cars 2and the organization's Disney Princess line. Quarterly profit came to $300.8 million, consistent with Wall Street anticipation. Revenue exceeded forecasts, rising 9 % to $2 billion. Stifel, Nicolaus analyst Came Crumsaid which was "well ahead" of his estimate of $1.94 billion. "Not just are we ongoing to enjoy the strength in our core brands, but this season's large entertainment property, Cars 2, can also be fueling momentum," stated Robert Eckert, chairman and Boss of Mattel. "Once we enter the all-important holidays, we remain acutely centered on execution and delivering development in our core brands, trying to expand and leverage our worldwide footprint, optimizing our entertainment portfolio, and building our latest franchise, Monster High." Entertainment segment revenue elevated 14 %, driven "mainly" by Cars 2sales, the organization stated. Barbie dolls sales rose 17 %, and the organization recorded a 32 percent grow in its "other women brands" segment driven by Monster High and Disney Princess sales. Related Subjects Cars 2