Jan 26- Shares of Mattel Inc plunged nearly 17 percent on Thursday, their worst intraday percentage drop in eight years, after the Barbie maker reported dismal quarterly sales and profit, highlighting a tough holiday quarter for toymakers. At least one brokerage downgraded its rating on Mattel's stock, while 5 other cut price targets. "We don't believe that this...
Jan 25- Mattel Inc, the largest U.S. toymaker, reported holiday-quarter sales and profit that fell far short of analysts' estimates, hurt by increased competition and weak demand in North America. Rival Hasbro Inc's stock fell 4.1 percent to $83.20. Sales in North America, the company's biggest market, fell 7 percent during the quarter, while sales overseas fell 2...
The company's shares were down about 9 percent at $28.67 in after-market trading on Wednesday. Rival Hasbro Inc's stock was down 4.1 percent at $83.20. Mattel's results contradicted an NPD Group report earlier in the day that said the toy industry expanded 5 percent in 2016 as customers took advantage of early Cyber Monday online promotions during...
The world's largest sporting goods maker will transition out of golf clubs, balls and bags to focus on expanding its footwear and apparel business.
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CNBC.com ranked the ten places in the U.S. that showed the most job growth between February 2011 and February 2012. Read ahead to see which cities topped our list.