A strong first half of the year carried Lego to the top of the toymaking charts even before Star Wars Legos, FT reports.» Read More
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BOSTON, July 30- Venezuela's currency woes cut nearly $3 billion in profit at U.S. blue-chip companies during the second quarter and prompted Procter& Gamble Co to remove its operations in the South American country from its consolidated financial reports. More so-called deconsolidation moves and exits from Venezuela are likely to happen during the second...
After legal battles led to their removal from store shelves in 2009, MGA Entertainment's Bratz dolls are back, with a noticeable makeover.
Bratz is trying to stage a comeback after a decade, relying heavily on online and mobile content, where kids play these days.
July 20- From T-Rex to Yoda, Hasbro has its toy cupboard full for the next two years. While Mattel has struggled to boost flagging sales of its iconic Barbie dolls, Hasbro's tie-ups with movie studios have been a money-spinner for the Monopoly board game maker. The narrowing gap between the top two players reflects in their stock prices: Mattel has lost a third of its...
July 20- U.S. toymaker Hasbro Inc reported a lower-than-expected decline in quarterly revenue, helped by strong demand for its " Jurassic World"- and "Star Wars"- themed toys. Demand for toys based on movie franchises have been driving Hasbro's sales as traditional toys fall out of favor. Hasbro's sales in the United States and Canada rose 1 percent in the second...
July 17- Mattel Inc's turnaround plan is off to a crawling start. Mattel is also selling toys at prices that are cheaper than they had been in the past two years as it tries to win back customers who have dumped the once must-have Barbie dolls and other staid toys for interactive electronic toys and tablets. Fisher-Price, Mattel's second-largest business, is...
The FMHR traders take their positions on four stocks making news today, including GE's earnings and toy maker Mattel.
Some of the names on the move ahead of the open.
Stephanie Wissink, Piper Jaffray, weighs in on Mattel's earnings beat and its competition with Hasbro. Also Wissink provides insight to the toy industry.
Mattel is in the middle of a turnaround as its Barbie dolls have fallen out of favor with young girls, who are increasingly turning to interactive electronic toys and tablets. Sinclair is working to streamline the toymaker's brand portfolio and has increased spending on advertising and made marketing efforts more effective, which has worked in Mattel's...
Check out the companies making headlines after the bell Thursday: Google, Hertz, AMD & more.
Mattel's gross margin improved to 47.9 percent in the second quarter ended June 30 as the company managed to curtail costs by nearly 10 percent. Excluding items, Mattel earned 1 cent per share, beating the average analyst estimate of a loss of 4 cents. Mattel's shares closed at $25.15 on Thursday, having fallen 18.7 percent this year.
Mattel is reporting an earnings beat, with a slight miss on revenues, with CNBC's Dominic Chu. Barbie saw gross worldwide sales down 11 percent.
*Netflix, eBay, Amazon hit record high. *Goldman Sachs, UnitedHealth drag on Dow after results. July 16- Wall Street rose sharply on Thursday, with the Nasdaq touching a three-week high and the S&P 500 less than 1 percent from its record high, as bellwether companies such as Citigroup, eBay and Netflix reported strong results.
*Netflix, eBay hit record highs after results. *Goldman Sachs, UnitedHealth drag on Dow after results. July 16- Wall Street rose sharply on Thursday, with the Nasdaq composite touching a three-week high, as bellwether companies such as Citigroup, eBay and Netflix reported strong results.
*Citigroup rises after posting highest profit in 8 years. *Intel, eBay post better-than-expected results. July 16- Wall Street was set to open slightly higher on Thursday as investors welcomed Greek parliamentary approval of a bailout plan and on strong results from bluechip companies such as Citigroup, eBay and Netflix.
July 16- U.S. stock index futures rose on Thursday as investors welcomed Greek parliamentary approval of a bailout plan and on strong results from Netflix and Intel overnight. *Netflix's shares jumped 11 percent to $109 premarket a day after the company added nearly a third more subscribers than expected in the second quarter. *Goldman Sachs and Citigroup are...
The stock market could turn back to domestic matters in the coming week, and some strategists say it may like what it sees.
Hot Wheels, the car brand of toy maker Mattel, teamed up with Tesla to make a far more affordable miniature Tesla Model S.