Mattel

Mattel  (MAT - Get Report) shares rose sharply Friday after the toymaker reported a narrower-than-expected loss in the first quarter.'

Mattel posted an adjusted loss in the period of 44 cents a share vs. analysts' estimates that called for a loss of 56 cents. Revenue in the quarter was $689.2 million, ahead of forecasts of $648 million. Sales in the quarter fell 3% from a year earlier.

Gross sales for Barbie rose 7% percent in the first quarter.

The net loss in the period was $183.7 million, or 53 cents a share, compared with a year-earlier loss of $311.3 million, or 90 cents. The year-earlier figures were hit by the bankruptcy of Toys "R" Us.

The stock rose 4.1% to $12.78 on Friday.

Rival Hasbro (HAS - Get Report) earlier this week reported first-quarter earnings that handily beat analysts' estimates.

Introducing TheStreet Courses: Financial titans Jim Cramer and Robert Powell are bringing their market savvy and investing strategies to you. Learn how to create tax-efficient income, avoid top mistakes, reduce risk and more. With our courses, you will have the tools and knowledge needed to achieve your financial goals. Learn more about TheStreet Courses on investing and personal finance here