NEW YORK (TheStreet) -- Mattel raced past Wall Street's profit expectations for its latest quarter early Friday, and the company's investors have Lightning McQueen to thank for it. "For the second quarter, I am very pleased with the continued global momentum across our portfolio, including core brand strength as well as the outstanding performance of the CARS 2 entertainment property," said Robert Eckert, the company's chairman and CEO, in a statement. For the three months ended June 30, Mattel said it earned $80.5 million, or 23 cents a share, with net sales up 14% year-over-year to $1.16 billion.