Mattel disappoints in holiday quarter on U.S. weakness

Dhanya Skariachan
Friday, 31 Jan 2014 | 6:24 AM ET

NEW YORK, Jan 31 (Reuters) - Mattel Inc missed Wall Street's profit estimates for the fourth quarter on weak demand in the United States during the all-important holiday selling season.

The world's largest toy company said on Friday that its net income was $369.2 million, or $1.07 a share, compared with $306.5 million, or 87 cents a share, a year earlier.

Excluding a litigation charge, the company earned $1.12 a share.

Analysts on average were expecting a profit of $1.20 a share, according to Thomson Reuters I/B/E/S.

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