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Toy maker Mattel Inc. on Wednesday reported better-than-expected first-quarter results and held to its full-year outlook — even after weaker toy demand forced a wave of discounting.
The company reported a first-quarter net loss of $106.5 million, or 30 cents a share, contrasting with a profit of $21.5 million, or 6 cents a share, in the same quarter last year. Revenue slid 22% to $814.6 million, compared with $1.04 billion in the prior-year quarter.
Adjusted…
