Monday, July 6, 2015   

Girl power propels Mattel earnings
(10-16 19:34)

Mattel's third-quarter net income grew by 16 percent, buoyed by higher sales of American Girl dolls and Monster High products and strength in all regions.
Its results beat Wall Street expectations. Shares gained by 57 US cents to US$42.12 in pre-market trading.
The largest US toy company earned US$422.8 million, or US$1.21 per share, for the three months ended September 30. That's up from US$365.9 million, or US$1.04 per share, in the prior-year period.
Removing a tax benefit, earnings were US$1.16 per share. Analysts predicted earnings of US$1.11 per share.
Revenue for the California company was up 6 percent to US$2.21 billion from US$2.08 billion.
American Girl sales increased 20 percent.
Mattel Inc also declared a fourth-quarter dividend of 36 US cents per share.—AP
   
Other Business breaking news:
(Greece crisis) Athens pleads for bank support from ECB (25 mins ago)
(Greece crisis) Athens vote fires up Portugal leftists (58 mins ago)
(Greece crisis) Germany shuts the door on new aid, but Europe says let’s talk (1 hr 1 min ago)
China’s margin lending rules raise risks to brokerages, says Moody’s (1 hr 15 mins ago)
BlackRock says China stocks remain vulnerable (1 hr 44 mins ago)
(Greece crisis) Financial firewalls guard German banks from contagion (2 hrs 59 mins ago)
(Greece crisis) Eurogroup opens door for new proposals from Athens (07-06 18:16)
(Greece crisis) Spain supports a third rescue deal (07-06 18:10)
(Greece crisis) What the analysts say (07-06 18:05)
(Greece crisis) Varoufakis claims credit for leftists after standing down (07-06 17:20)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.