Led by demand for Hot Wheels and action figures, Mattel’s (NASDAQ:MAT) fourth quarter results beat Wall Street’s expectations, driving shares higher in Tuesday’s after-hours trading.

Mattel executive says it may have to charge consumers more for its toys because of higher tariff costs on imports from China.

Mattel said net income of $141 million dipped ... Domestic sales were driven by Hot Wheels, action figures, building sets and games, partly offset by declines in Infant, Toddler, and Preschool ...