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Stock Market & Financial Investment News

News Breaks
July 17, 2014
10:55 EDTJAKK, MAT, LF, HASMattel topples after Q2 earnings miss estimates
Shares of global toy product manufacturer Mattel (MAT), are toppling over after the company's second quarter earnings results fell below analysts' consensus. WHAT'S NEW: Mattel's reported Q2 earnings per share of 8c, which was not comparable to a consensus of 18c since the company said its EPS number included a tax benefit of 11c per share and a negative impact of 7c per share of MEGA Brands acquisition and integration costs. Excluding both of these items, EPS was 3c per share. Mattel's Q2 revenue was $1.06B, which missed analysts' consensus estimates of $1.19B. For Q2, the company reported that its Girls and Boys Brands sales were down 13%, Fisher-Price Brands sales were down 17%, American Girl Bands revenue was up 6% and revenue from its Construction and Arts & Crafts Brands was $61.6M. WHAT'S NOTABLE: During its earnings conference conference call, Mattel said that it plans to increase advertising spending in the second half of the year to build momentum for key brands. It sees improving global trends in point-of-sale but says the company still has a lot of work to do to improve those trends. As Mattel looks to the third quarter, it sees continued challenges from current headwinds. With the MEGA brands deal now closed, the company aims to improve profitability of MEGA brands on a global basis and believes the acquisition will be accretive to earnings in fiscal year 2015. It expects lower international sales and is investing heavily in markets in Russia and China. Mattel is looking to maintain gross margins in the low to mid-50% range in near term. It noted that it aims to achieve a modest increase in SG&A due to severance and ongoing growth investments, excluding the MEGA Brands acquisition. Inventory fair value adjustment related to existing MEGA Brands-owned inventory should wind down in Q3, the company said. Amortization is expected to decrease to $17M in 2015 and $9M in 2016. PRICE ACTION: Shares of Mattel are down $2.31, or 5.92%, to $36.72 in morning trading. OTHERS TO WATCH: Mattel peer Hasbro (HAS), which reports quarterly earnings on July 21, is relatively flat at $52.59. JAKKS Pacific (JAKK) is up almost 1.5% to $8.20 and and LeapFrog (LF) is up 3.02% to $7.66.
News For MAT;HAS;LF;JAKK From The Last 14 Days
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July 23, 2015
10:08 EDTMATOptions with decreasing implied volatility
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July 22, 2015
10:15 EDTMATOptions with decreasing implied volatility
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07:54 EDTJAKKJAKKS Pacific affirms FY15 EPS 71c-75c, consensus 74c
Affirms Fy15 revenue $730M-$740M, consensus $742.97M. Adjusted EBITDA for the year is expected in the range of $56M-$58M.
07:53 EDTJAKKJAKKS Pacific reports Q2 EPS (30c), consensus (35c)
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July 21, 2015
10:24 EDTMATOptions with decreasing implied volatility
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10:01 EDTHASOn The Fly: Analyst Downgrade Summary
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06:58 EDTHASHasbro downgraded to Market Perform from Outperform at Wells Fargo
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06:41 EDTHASHasbro downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded Hasbro to Neutral saying shares are trading at peak multiples. Piper views the stock as fairly valued based on current expectations following the company's Q2 results. It raised its price target for shares to $85 from $79.
06:33 EDTHASHasbro downgraded to Market Perform from Outperform at BMO Capital
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July 20, 2015
16:22 EDTHASOn The Fly: Top stock stories for Monday
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09:03 EDTJAKKSkechers partners with JAKKS Pacific for Twinkle Toes branded dolls
SKECHERS USA, Inc. (SKX) announced that it has partnered with JAKKS Pacific, Inc. (JAKK) to launch a new line of dolls based on SKECHERS’ Twinkle Toes character. Additionally, SKECHERS and JAKKS have partnered to create original digital media content that is animated by the state-of-the-art production team Cosmic Toast Studios. Beginning in July, 11 webisodes featuring the Twinkle Toes doll characters will be released bimonthly on TwinkleToesUSA.com. Each webisode will follow the adventures of the four “Twinkle Girls” as they encounter life lessons and themes such as friendship, the importance of education, and setting goals. The SKECHERS Twinkle Toes doll line is now available nationwide at Toys “R” Us and is scheduled to launch at select Target retail stores in Fall 2015.
06:39 EDTHASHasbro reports Q2 Boys revenue up 1% to $340.4M
Q2 Boys revenue driven by gains in nerf brands, as well as shipments in support of Jurassic World and growth in Marvel and Star Wars products. Reports Q2 Girls revenue down 22% to $127.5M, with Furby the leading driver of the decline. Reports Q2 Games revenue down 6% to $211.6M. Reports Q2 Preschool revenue up 14% to $118.1M.
06:37 EDTHASHasbro reports Q2 US and Canada revenue up 1% to $385.2M
Reports Q2 International revenue $362.8M. Reports Q2 Entertainment and Licensing revenue $47.6M.
06:33 EDTHASHasbro August volatility elevated into Q2 and outlook
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06:31 EDTHASHasbro reports Q2 EPS 33c, consensus 29c
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