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Stock Market & Financial Investment News

News Breaks
April 17, 2014
12:59 EDTMAT, HAS, LFMattel falls after reporting lower Q1 international, North American sales
Shares of global toy manufacturer Mattel (MAT) are falling after the company reporting lower than expected first quarter earnings and revenue. WHAT'S NEW: Mattel reported a Q1 loss per share of 3c, which was far below analysts' consensus of a 9c gain. The company reported Q1 revenues of $946.2M, which was lower than analyst projections of $953.92M. Mattel reported that its Q1 international sales were down 7% and that its North American sales were down 2%. CEO Brian Stockton said that the retail environment during the quarter was "challenging" and that its Q1 revenues were in-line with the company's expectations. WHAT'S NOTABLE: On slides from the company's Q1 earnings conference call, Mattel said that it foresees making progress on inventory clean-up, but says efforts will continue in the short term. The company maintains FY14 gross margins within the low-to-mid 50% range. For FY14 SG&A activity, Mattel sees a modest increase in SG&A including severance and ongoing growth investments in FY14, but points out that this excludes the impact of the pending MEGA Brands acquisition. During Mattel's Q1 earnings conference call, the company said that it plans to continue to shift spending to the back half of the year and noted that this action will impact Q2 revenue slightly. The company said that it is working on ways to get a higher return on advertising spending. Mattel sees FY14 capital expenditures between $230M-$240M. Mattel said that it plans to fund expansion in strategic geographic locations and that it expects modest first quarter headwinds to continue in the second quarter. The company says that it is on track to achieve $150M in gross savings this year and sees its tax rate in FY14 to be between 21%-22%. OTHERS TO WATCH: Rival companies to Mattel include Hasbro (HAS) and LeapFrog (LF). PRICE ACTION: During afternoon trading, shares of Mattel are down 30c, or 0.79%, to $37.58.
News For MAT;HAS;LF From The Last 14 Days
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October 22, 2014
12:24 EDTHASHasbro management to meet with Piper Jaffray
Meetings to be held on Europe on October 27-29 hosted by Piper Jaffray.
October 21, 2014
06:09 EDTMATMEGA brands announces global partnership with UP&L
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October 20, 2014
16:20 EDTHASOn The Fly: Closing Wrap
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12:36 EDTMATOptions with decreasing implied volatility
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08:18 EDTHASHasbro sees FY14 CapEx $115M-$125M
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06:34 EDTHASHasbro reports pre-tax charge due to restructuring of Hub Network
On September 25, Hasbro (HAS) and Discovery (DISCA) announced Hub Network would become Discovery Family Channel effective October 13, 2014. The network will broaden its programming focus to serve families in primetime and continue to showcase Hasbro Studios award-winning children’s content in daytime. As a result of restructuring the Company’s investment in the Hub Network joint venture, the Company recorded a pre-tax charge of $11.6M, or 6c per diluted share, in the third quarter 2014. This net charge is primarily related to the costs associated with recording the fair value of a put/call option exercisable at the end of 2021 that the Company and Discovery entered into related to this transaction.
06:33 EDTHASHasbro reports Q3 Franchise brands up 36%
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06:31 EDTHASHasbro reports Q3 adjusted EPS $1.46, consensus $1.45
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October 17, 2014
14:28 EDTHASHasbro technical comments ahead of results
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08:20 EDTHASHasbro volatility elevated into Q3 and outlook
Hasbro November call option implied volatility is at 26, January is at 22, April is at 20; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 20.
07:48 EDTMATMattel looks to maintain margins in low to mid-50% range in near term
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October 16, 2014
11:21 EDTMATOptions with decreasing implied volatility: EXAS ATLS LOCO MAT
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06:13 EDTMATMattel reports Q3 Girls and Boys Brands sales down 11% to $1.32B
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06:11 EDTMATMattel: While Q3 did not meet expectations, they reflect progress
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06:03 EDTMATMattel reports Q3 EPS 97c, consensus $1.04
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October 15, 2014
15:28 EDTMATNotable companies reporting before tomorrow's open
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October 14, 2014
15:20 EDTHASHasbro Chief Strategy Officer David Hargreaves to retire in February
Hasbro announced that David D.R. Hargreaves, executive VP and Chief Strategy Officer, plans to retire in February of 2015.
14:17 EDTMATMattel October volatility elevated into Q3 and guidance
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October 9, 2014
09:06 EDTHASDiscovery obtains exclusive TV rights to Hasbro film
Discovery's (DISCA) Family Channel - formerly Hub Network - has obtained the exclusive broadcast rights to Hasbro's (HAS) animated film "My Little Pony Equestria Girls: Rainbow Rocks" to air on October 17.

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