Barbie Movie Success Boosts Mattel Q3 Results

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'Barbie' Movie Success Boosts Mattel Q3 Results

The toy industry also handing in quarterly results, Mattel reported better than expected profit and revenue in the third quarter. The company's CEO says the results quote benefited from the success of the Barbie movie which became a global cultural phenomenon and marked a key milestone for Mattel end quote. The company also raised its full year earnings guidance saying it expects to see growth in the current quarter despite potential volatility and consumer demand. Meantime, fellow toy maker Hasbro missed expectations for the third quarter and lowered its full year forecast. The company is warning of a weaker holiday season due to lower consumer spending.