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Toymaker Mattel's sales fall for eighth straight quarter
October 15, 2015 / 8:13 PM / 2 years ago

Toymaker Mattel's sales fall for eighth straight quarter

Oct 15 (Reuters) - Toymaker Mattel Inc’s net sales fell for the eighth straight quarter, highlighting the company’s challenges in boosting sales of its Barbie dolls.

The company’s net income fell to $223.8 million, or 66 cents per share, in the third quarter ended Sept. 30, from $331.8 million, or 97 cents per share, a year earlier.

Net sales fell 11.3 percent to $1.79 billion. (Reporting by Subrat Patnaik in Bengaluru; Editing by Sriraj Kalluvila)

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