Market Currents

• Friday, October 16, 2009

• 06:38 AM Mattel (MAT): Q3 EPS of $0.63 in-line. Revenue of $1.79B (-8.2%) in-line. ""As expected, revenues continue to be challenging this year due to the overall economic environment, retailers tightly managing inventory, foreign exchange rates and the lack of entertainment-inspired toy lines." (PR) Comment!
• 00:05 AM Notable pre-market earnings: AOS, BAC, FHN, GE, GPC, HAL, MAT, MTG Comment!

• Friday, July 17, 2009

• 09:00 AM Premarket gainers: BCRX +49%. CIT +34%. CHINA +8%. MAT +6%. SAY +5%. NVAX +5%. C +4%.
  Losers: AIB -7%. AKAM -5%. ANPI -5%. GE -4%. Comment!
• 06:10 AM Mattel (MAT): Q2 EPS of $0.06 beats by $0.06. Revenue of $898M (-19.3%) vs. $970M. (PR) Comment!
• 00:05 AM Notable earnings before Friday's open: BAC, BBT, C, FHN, FNFG, GE, MAT, MI, WBS Comment!

• Friday, July 10, 2009

• 13:20 PM Mattel (MAT -1.4%) insiders are locking in gains from its recent spike, selling options worth millions of dollars. Shares are up 45% off a March 5 low, while shares in competitor Hasbro (HAS) have fallen 21% this year. Comment!

• Tuesday, April 28, 2009

• 14:46 PM In a widely-expected ruling, MGA loses its appeal to reduce Mattel's (MAT) $100M Bratz victory. In fact, Judge Stephen Larson ruled, the evidence not only supports a verdict of $100M, this Court could have … easily sustained a verdict many times this amount." Comment!

• Friday, April 17, 2009

• 06:06 AM Mattel (MAT): Q1 EPS of -$0.14 misses by $0.01. Revenue of $785.6M (-14.5%) vs. $795.8M. (PR) Comment!
• 00:05 AM Notable earnings before Friday's open: BBT, C, FHN, GE, ERIC, MAT Comment!

• Monday, February 2, 2009

• 09:00 AM Premarket losers: ROK -21%. MAT -17%. DRYS -14%. NYX -9%. HAS -8%. ABB -8%. IP -7%. CPO -7%. UBS -7%. HBC -7%. DB -6%. TKS -6%. PALM -6%. SNN -5%. BCS -5%. BSY -5%. C -5%. BAC -4%. DEO -4%. RIO -4%. GERN -4%. LVS -4%. BHP -4%. CS -4%. UL -4%. BP -4%. Comment!
• 08:44 AM Mattel (MAT) -17% premarket after huge Q4 miss. Unfavorable exchange rates accounted for five percentage points of MAT's 11% sales decline, while weak demand took care of the rest. Comment!
• 06:37 AM Mattel (MAT): Q4 EPS of $0.49 misses by $0.23. Revenue of $1.9B (-11.4%) vs. $2.2B. (PR) Comment!
• 00:05 AM Notable earnings before Monday's open: BEAV, CPO, EPD, HUM, MAT, ROK, SYY
    Comment!

• Friday, January 2, 2009

• 12:18 PM Today a federal judge will consider what happens to the scores of Bratz dolls planned for sale in 2009 after Mattel (MAT) was awarded control of the brand late last year. MGA hopes it will get a year to wind things up. Comment!

• Wednesday, December 24, 2008

• 07:23 AM At Mattel (MAT), plans for a new, edgier Barbie. MAT hopes Barbie 2.0 will appeal to the tweens, and goose sales which have been flat for five of the past seven years. At 49, maybe they should consider Botox (AGN). Comment!

• Friday, December 5, 2008

• 11:17 AM With Mattel (MAT) firmly in control of Bratz, it must face the unspoken question: Are the Bratz worth more dead or alive? 2 Comments