Mattel Leads S&P 500 After Earnings Beat and Positive CEO Comments

Shares of Mattel Inc (MAT) rose following its earnings beat and positive comments by its CEO, making it TheStreet's Move of the Day. The toy maker posted a narrower than-expected loss in its first quarter late Thursday. Mattel has reported declining sales in the past several quarters. Its signature toys have faced stiff competition against electronic games and devices. Company CEO Christopher Sinclair says Mattel will make the necessary changes to revitalize the business. Shares ended the regular session up on very heavy trading volume to lead the S&P 500. TheStreet's Kurumi Fukushima reports in New York.