Investors appreciate the progress it's making toward profitability.Shares of toy company Mattel (MAT 3.36%) jumped on Wednesday morning following its financial report for the fiscal first quarter of 2024. As of noon ET, Mattel stock was up almost 5%.Investors look past some shortcomingsThe stock market's positive reaction to Mattel's financial results is a little surprising. Q1 net sales were down 1% year over year to $810 million, which was below expectations. The company's gross margin had a strong improv ...