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July 17th, 2013 
Peter Nolan
MATTEL’S second-quarter net income fell 24 per cent, pulled down by an impairment charge.
The toymaker’s revenue edged up but came in below expectations.
In the April-to-June quarter, net income dropped to $US73.3 million ($A79.76 million), or 21 cents per share. That compares with $US96.2 million, or 28 cents per share, a year ago.
Analysts expected earnings of 32 cents per share and typically exclude unusual items.
Revenue for the El Segundo, California, company edged up to $US1.17 billion from $1.16 billion as international sales grew. Still, this missed Wall Street’s $US1.22 billion.
Sales of Mattel’s Barbie franchise declined for the fourth straight quarter.
Sales of Monster High and American Girl products rose, while Fisher-Price and Hot Wheels sales dropped.
Mattel Inc said on Wednesday that its board declared a third-quarter dividend of 36 cents per share.
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