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Stock Market & Financial Investment News

News Breaks
April 17, 2014
12:59 EDTMAT, LF, HASMattel 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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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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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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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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July 17, 2015
15:19 EDTHASHasbro August 77.5 straddle priced for 6.3% movement into Q2
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July 16, 2015
17:20 EDTMATMattel continues to believe 2015 outlook achievable
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17:08 EDTMATMattel remains on track for cost reductions
Comments from Q2 earnings conference call.
16:08 EDTMATMattel reports Q2 adjusted EPS 1c, consensus (4c)
Reports Q2 revenue $998.2M, consensus $995.36M.
15:17 EDTMATMattel July 25 straddle priced for 5.6% movement into Q2
15:02 EDTMATNotable companies reporting after market close
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11:58 EDTMATMattel technical comments before earnings
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