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× Mattel shares surge on 4Q profit, strong Barbie sales

Shares of Barbie-maker Mattel surged in after-hours trading on Thursday after the toymaker reported a surprise profit in the fourth quarter.

The US toy giant, which also makes Hot Wheels and Thomas & Friends, reported $14.9 million in quarterly profits, pointing to benefits from cost cutting.

That translated into four cents per share, much better than the 16-cent loss expected by analysts.