Mattel Inc. (MAT) reported first quarter net income of $0.11 per share Wednesday morning, up from $0.02 per share last year. The consensus estimate was for EPS of $0.09. The company also said its board declared a second-quarter cash dividend of $0.36 per share.
Mattel gapped open sharply higher Wednesday and is now up 1.94 at $44.92. The stock has risen past the upper end of a 3 1/2 week range and has set a new high for the year.
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