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Mattel Q4 Results Disappoint as Barbie, Fisher Price Sales Slide

Not too many girls were asking for Barbies this holiday season.

Not too many girls were asking for Barbies this holiday season. For the fourth quarter, Barbie-maker Mattel posted an adjusted profit of 52 cents a share on revenue of $1.99 billion. That was below the 91 cents a share on revenue of $2.1 billion that analysts predicted. Mattel's fourth-quarter earnings release also drilling down into the details of a weak performance that led to the resignation of its chairman and CEO, Bryan Stockton. Barbie sales fell 12%, though that was only half as bad as the third quarter. Fisher-Price sales fell 11%. While American Girl slipped 4%. One bright spot though, Hot Wheels - its sales rose 5%.

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