The conglomerate’s third-quarter results came in mixed, with earnings topping Wall Street estimates, but revenues missing by a long shot. Investors were hardly impressed – shares fell more than 5%.
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Toy company Mattel Inc (MAT) reported third quarter earnings of 77 cents per share, up from 63 cents per share a year earlier.
Net sales rose 2% to $1.83 billion, including unfavorable changes in currency exchange rates, the company said in a statement. Gross sales rose 3% in the U.S. and 2% in international markets.
“We continue to be pleased with the performance of the business,”…
Continue reading Mattel Posts Third Quarter Earnings of 77 Cents Per Share
Mattel Posts Third Quarter Earnings of 77 Cents Per Share originally appeared on DailyFinance on Fri, 15 Oct 2010 06:56:00.
Filed Under: Company News, Earnings, Mattel, Retail
Seagate Technology (STX) surged in premarket trading after saying that it received an indication of interest about going private.
Seagate, which makes hard disk drives and storage products, gained 20.96% to $15.35 a share at 6:19 am, from Thursday’s closing price of $12.69.
The company said Thursday that it is in discussions with the party that indicated interest. Seagate has…
Continue reading Seagate Shares Jump as It Considers Going Private
Seagate Shares Jump as It Considers Going Private originally appeared on DailyFinance on Fri, 15 Oct 2010 06:37:00.
Filed Under: Company News, Technology, Stocks in the News, Market News
Gap’s same-store sales will likely fall in its fiscal third quarter, which ends this month, CEO Glenn Murphy warned at an investor meeting in New York on Thursday.
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CVS Caremark has agreed to pay $77.6 million in fines for illegally selling a chemical, common in some cold and cough medicines, that ended up being used to make methamphetamine.
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