Image source: Mattel.
Mattel (NASDAQ: MAT) reported encouraging third-quarter 2016 results after the market closed on Wednesday. Revenue and adjusted earnings per share were flat with the year-ago period. Thanks largely to strong Barbie sales, the toy maker has now closed the revenue gap left by losing the Disney (NYSE: DIS) Princess and Frozen license to rival Hasbro (NASDAQ: HAS) on Jan. 1. That business accounted for about 8% of Mattel’s revenue last year.