Mattel (NYSE:MAT) reported Q4 EPS of 89 cents, topping estimates of 86 cents. Revenue in the quarter rose to $2.12 billion which was also above the $2.09 billion analysts were expecting. In 2010 worldwide net sales were up 8% from the prior year.
Mattel also announced that it is boosting its quarterly dividend by 11% to 23 cents per share.
Chairman and chief executive officer Robert A. Eckert said, "Our priority for 2011 is to accelerate our performance by inculcating our new vision and implementing a new organizational structure; uncovering the next layer of cost cutting opportunities; generating significant cash flow; and deploying capital in a disciplined and opportunistic manner."