By Savyata Mishra (Reuters) -Mattel shares climbed as much as 18% in early trading on Wednesday after the Hot Wheels maker provided an upbeat annual profit forecast and hinted at stabilizing toy demand,

Shares of Mattel Inc. jumped after hours on Tuesday after the toy maker forecast an adjusted per-share profit for this year that came in above analysts’ expectations, as it takes actions — including potential changes to its prices — to offset a fresh round of tariffs from President Donald Trump.

Chief Executive Ynon Kreiz said the company has spent years building out a supply chain that isn’t overly reliant upon any one country. It will also consider increasing its prices, he said.