Monday, April 16, 2007

UPDATE 2-Mattel posts surprise profit

(Reuters) - Net income at the largest U.S. toy maker fell to $12 million, or 3 cents a share, from $30.2 million, or 8 cents a share, a year earlier. The year-earlier quarter's results were boosted by a $57 million tax benefit.

Analysts on average were expecting a loss of 5 cents a share, according to Reuters Estimates.


Read more at Reuters.com Market News

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