Filed under: Earnings reports, Anheuser-Busch Cos (BUD), Mattel, Inc (MAT)

Something for the kids, something for the grown-ups: Mattel Inc. (NYSE: MAT) and Anheuser-Busch Companies (NYSE: BUD) reported fourth-quarter results today.

Mattel announced that its fourth-quarter profit rose 15% despite the negative publicity over recalls of millions of Chinese-made toys. Tax gains and strong international sales of Hot Wheels and other toys helped offset the cost of the recalls.

Net income grew to $328.5 million, or 89 cents per share, in the period ending in December, from $286.4 million, or 75 cents per share, in the same quarter of the previous year. Revenue rose 4%, to $2.19 billion, from the year-ago period. Analysts surveyed by Thomson Financial had expected earnings per share of 73 cents on revenue of $2.13 billion.

For 2007, Mattel posted a profit of $600 million, or $1.54 per share, compared with a profit of $592.9 million, or $1.53 per share in 2006. Net sales totaled $5.97 billion in 2007, up 6% from $5.65 billion in 2006

On Thursday, Mattel shares rose 10.9% to close at $21.01. That’s up from the 52-week low of $16.42 a couple of weeks ago.

Continue reading Thursday earnings recaps: Mattel and Anheuser-Busch

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This entry was posted on Thursday, January 31st, 2008 at 11:33 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.