Mattel profits fall; Hasbro earnings up

Barbie lost out to Darth Vader as Mattel Inc. posted a double-digit decline in third-quarter earnings Monday, and rival Hasbro Inc. generated an increase in profit.

Both companies’ results missed Wall Street expectations, though, as the toy industry feels pressure from increased energy costs.

Mattel said net profit fell 12 percent as lower sales of Barbies offset higher revenue from other products. Hasbro said earnings grew 4 percent, boosted by sales of games and “Star Wars” toys.