EL SEGUNDO, Calif.
— Barbie maker Mattel Inc.'s fourth-quarter net income fell 17
percent, weighed down by a litigation charge. Its performance missed
Wall Street's expectations for the critical holiday period.
largest toy maker earned $306.5 million, or 87 cents per share, for the
three months ended Dec. 31. That compares with $370.6 million, or $1.07
per share, a year ago.
litigation charge, earnings were $1.12 per share.
$1.15 per share.
Revenue for the El
Segundo, Calif.-based company rose 5 percent to $2.26 billion from $2.15
billion. Wall Street forecast $2.3 billion.
through December holiday period is key for toy makers because it can
make up to 40 percent of their revenue during the time.
Last week rival
Hasbro Inc.'s fourth-quarter revenue failed to meet analysts' estimates.