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Mattel Stock Falls After Beat-and-Raise Earnings

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Doll sales grew 24% year over year in the latest quarter, the company said.

Mattel ‘s third-quarter earnings barreled past expectations and management raised its profit forecast for the fiscal year. Barbie helped.

Gross billings for dolls rose 24% in constant currency compared with the previous year, Mattel said, driven by growth in Barbie, Disney Princesses, and Monster High.

 

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