Mattel beats profit estimates as cost cuts take hold

(Reuters) - Mattel Inc on Thursday beat estimates for quarterly profit as it benefited from a robust cost-cutting programme, even as holiday season sales of its flagship Barbie brand in North America were pressured by Hasbro Inc's "Frozen" dolls.Shares rose 4.8% to $15.09 in extended trading. The company exceeded its initial 2019 cost-cutting target of $650 million (£498 million) by 35% as Chief Executive Officer Ynon Kreiz looks to improve profitability through cutting jobs, closing..