Article updated: 2/1/2013 7:29 AM

Mattel 4Q results miss Wall Street’s expectations

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Barbie maker Mattel Inc.'s fourth-quarter net income fell 17 percent, weighed down by a litigation charge. Its performance missed Wall Street's expectations for the critical holiday period.

Associated Press

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Barbie maker Mattel Inc.'s fourth-quarter net income fell 17 percent, weighed down by a litigation charge. Its performance missed Wall Street's expectations for the critical holiday period.The world's largest toy maker earned $306.5 million, or 87 cents per share, for the three months ended Dec. 31. That compares with $370.6 million, or $1.07 per share, a year ago.