Earnings Report: Mattel (NYSE:MAT) Beats Estimates, Worldwide Net Sales Down 8%

01/29/2010-Mattel (NASDAQ:MAT) reported fiscal Q4 EPS of $0.81, ex-items, trouncing consensus estimates of $0.68.

Revenues for the quarter rose 0.8% year-over-year to $1.95 billion, narrowly missing consensus estimates of $1.98 billion.

Robert A. Eckert, chairman and CEO, commented, "In 2009, we improved execution across the company by realigning our infrastructure; controlling costs and expenses; tightly managing working capital; and reducing capital spending. The result was improved profitability, a stronger balance sheet and increased cash flow. Despite the challenging economic environment, we were pleased with the holiday performance of many of our classic and time-honored brands, including Barbie® and Hot Wheels®."

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