*MATTEL <MAT.N> Q4 SHR $0.28
EL SEGUNDO, Calif., Feb 1 (Reuters) - Mattel Inc. <MAT.N> on Thursday reported fourth-quarter results that exceeded analysts' expectations, as the toy giant posted its first full quarter without its troubled Learning Co. unit, but became embroiled in problems at one of its biggest online customers.
El Segundo, Calif.-based Mattel, the maker of Barbie dolls and Hot Wheels cars, reported fourth-quarter operating income, excluding charges, of $120.7 million, or 28 cents per share, on revenues of $1.58 billion versus $100.5 million, or 24 cents, on sales of $1.52 billion per share a year ago.
The consensus fourth-quarter estimate among analysts polled by First Call/Thomson Financial was 26 cents per share.
During the third quarter, Mattel sold its money-losing Learning Co. educational software unit and recorded a $110 million charge.
Mattel said in January it joined an informal committee of major creditors of EToys Inc. <ETYS.O>, the troubled Internet toy seller. Creditors from the group agreed not to press their claims on eToys through mid-February, while eToys examined its assets and marketing strategy. |
