Earnings Results: Mattel swings to surprise quarterly profit as sales rise 40%

Mattel Inc. surprised Wall Street late Tuesday with a quarterly profit and sales that topped $1 billion as toys from American Girl to Thomas the Train flew off the shelves and the company claimed to be in its best shape in many years.

Mattel Inc. surprised Wall Street late Tuesday with a quarterly profit and sales that topped $1 billion as toys from American Girl to Thomas the Train flew off the shelves and the company claimed to be in its best shape in many years.