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Inflation is low, earnings are high, investors are happy. Results at Mattel, Goldman Sachs, and Johnson& Johnson were all above expectations. Also Tuesday, the Labor Department said consumer prices rose just 0.1 percent last month, not counting food and energy costs.
THE NEWS: Toy maker Mattel said Tuesday that cost cuts and higher revenue from toys including Monster High dolls and Fisher-Price helped send net income up 22 percent in the third quarter. But results indicate that Mattel is outperforming its rivals so far as it heads into the crucial holiday season, when toy makers can earn up to 40 percent of annual revenue.
NEW YORK-- Mattel says that cost cuts and higher revenue from toys including Monster High dolls and Fisher-Price helped send net income up 22 percent in the third quarter, providing a bit of early holiday cheer for the largest U.S. toy maker.
Toy maker Mattel jumped 4 percent after reporting that brisk sales of American Girl dolls and Fisher-Price toys sent the company's profit well above analysts' forecasts. The stock was up $1.20 to $36.62. Johnson& Johnson rose 93 cents to $59.63 after its revenues came in ahead of Wall Street's forecasts.
Mattel and UnitedHealth posted strong results for the third quarter. Goldman Sachs and Johnson& Johnson both beat Wall Street expectations. The Coca-Cola Co. says its net income rose 3 percent.
LONDON-- Mounting hopes over the U.S. economic recovery bolstered markets for a second day on Tuesday and helped push the euro back above $1.30. Strong earnings figures from the likes of toy maker Mattel, Johnson& Johnson and Goldman Sachs, further buoyed sentiment.
EL SEGUNDO, Calif.-- Strong sales of American Girl dolls and Fisher-Price toys helped boost Mattel's third-quarter results, setting the stage for the biggest U.S. toy maker ahead of the critical holiday season.
Mattel Inc., the largest U.S. toymaker, said Tuesday that its net income rose 22 percent in the third quarter, helped by sales of Fisher Price and Monster High dolls and cost costs. Total quarterly revenue: Up 4 percent to $2.08 billion. _ American Girl: Up 16 percent to $102 million.
Mattel said Tuesday that its net income rose 22 percent in the third quarter on cost cuts and higher sales of toys such as Monster High dolls and Fisher Price. Here CEO Bryan Stockton discusses global toy industry sales. As you look at Europe, frankly, we are quite pleased with the toy business in Europe.
In addition, Hasbro, which makes Scrabble board games and Transformers action figures, is facing some company specific issues, such as an overdependence on traditional board games and boys' toys, categories likely to shrink. Kelter downgraded Hasbro to "Sell" from "Neutral" and cut its 12- month price target by $2 to $32.
Citigroup Inc. reports quarterly financial results. CSX Corp. reports quarterly financial results. Intel Corp. reports quarterly financial results.
NEW YORK-- Analysts expect that Mattel Inc.' s third-quarter net income and revenue to rise as shoppers snap up its Monster High and Barbie dolls, among other toys, ahead of the busy holiday season.
*MKM raises Mattel Inc fair value to $37 from $33; rating neutral. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Wal-Mart, Kmart and Toys R Us all report toys like kids' tablet LeapPad2, robotic pet Furby, and Power Wheels battery-powered cars are all popular layaway items.
FRANKFURT, Oct 5- Private equity group HgCapital. On its Internet page, HgCapital signalled that Schleich would eventually be put on the block. Peers like Hasbro and Mattel trade at 7-9 times earnings before interest, taxes, depreciation and amortization, a level that HgCapital is hoping to cash in as well, the sources said.
We’ve taken a look at what the trendiest costumes are for kids this year. Click to find out what they are...some may surprise you!
If you were checking out the latest hot holiday toy lists and are filled with a slight sense of deja vu, you are probably not alone. Several major toy retailers —Toys ‘R Us, Wal-Mart Stores, Sears Holdings’ Kmart – have weighed in with their picks for this year’s hottest toys. Topping those lists are retro brands like Furby, Lego, Barbie, and new editions of brands that were popular last year.
What will the hot holiday toys be this year? Retailers such as Toys ‘R Us, Wal-Mart, Kmart, and Kohl’s have weighed in with their choices for this year's must-have toys.
In the throwdown between superhero stocks, who would win? The "Mad Money" host has the answer.
Stocks closed higher in choppy trading Tuesday, wiping out the previous session's declines, thanks to better-than-expected earnings reports and as investors remained hopeful that the central bank may still be open to further easing.