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Mattel Misses; eBay to Report; Yahoo’s Mayer Makes History; Tesla Turns Around

Dan Berman
Hot Stock Minute
Mattel Misses; eBay to Report; Yahoo’s Mayer Makes History; Tesla Turns Around

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 are up a scant 6% year-to-date, but they may have been a bit ahead of the market. The stock has climbed a healthy 45% over the past year.

Yahoo! (YHOO) our parent company, is currently up more than 2% following release of its quarterly report yesterday afternoon. Excluding items, the company beat on earnings, posting 35-cents a share when estimates had been for 30-cents. That was a rise of 46% over a year ago. However, revenue missed slightly, with sales of $1.07 billion. Part of the problem there: advertisers are now paying 12% less for space, and the company has failed to increase its market share. The report got extra attention because instead of the traditional conference call, CEO Marissa Mayer appeared live in a video presentation. By the way, today is her one-year anniversary with the company. Shares of Yahoo are up 72% in that time, and have climbed 34% year-to-date.

Tesla (TSLA) is currently down 1.7% after falling 14-percent yesterday. Shares of the electric automaker tanked after a Goldman Sachs analyst warned the stock has become overvalued. That could be a factor in what sent prices crashing down from $125 to $109. But that's still $25 above Goldman's price target of $84 a share. The drop was Tesla's biggest one day percentage loss since January of last year. Still shares are up 208% since that start of 2013.