Mattel (MAT) has come out this morning with a big miss on earnings. The toy maker says it made 21-cents a share for the quarter, far below expectations of 32-cents. Revenue was also a miss at $1.17 billion. Mattel says much of the problem was an impairment charge. But it looks like Barbie may also be getting old. Sales of the iconic figure slid for the fourth straight quarter. There were also declines in Fisher Price and Hot Wheels merchandise. American Girl and Monster High were bright spots. Shares of Mattel have been up 26% year-to-date. They're up 36% since this time last year.
eBay (EBAY) is currently up fractionally. The company will be reporting earnings after the closing bell. eBay is expected to show a sharp jump in business with revenue leaping to $3.89 billion from $3.4 billion. Earnings are also expected to climb with consensus calling for 64-cents a share. Analysts say the company has momentum in current markets. They also praise it for new initiatives. Shares of eBay areRead More »from Mattel Misses; eBay to Report; Yahoo’s Mayer Makes History; Tesla Turns Around