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
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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The search engine’s strong results were an “October Surprise” of sorts for investors who have wondered whether Google’s prodigious profit-making ability was beginning to wane.
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Starbucks has accelerated fiscal fourth-quarter same-store sales growth thanks to increasing demand for breakfast snacks and higher-priced coffee. That’s the conclusion of a UBS analyst, who raised his stock price-target on the…