Mattel soars as Barbie and Hot Wheels give locked down children something to play with
The toymaker rose as much as 13% as third-quarter results showed adjusted profit of 95c a share, beating estimates of 39c
23 October 2020 - 17:20
Los Angeles — Toymaker Mattel rose as much as 13% on Friday after third-quarter results shattered expectations, lifted by consumers snapping up Barbie dolls and Hot Wheels toys during the pandemic.
The company’s doll sales surged 22% compared with a year earlier as families looked for cheap ways to entertain lockdown-bored children...
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