Mattel Inc. exceeded analysts' expectations in the third quarter with a profit of $1.14 per share, excluding certain items. This surpassed the average analyst estimate of 94 cents.
Despite a decline in sales, the company has maintained its full-year profit forecast, indicating a focus on cost-cutting measures that have contributed to the improved earnings performance. However, Mattel has adjusted its outlook for full-year revenue downward due to lower-than-expected sales figures.