Diamonds and Dogs
Mattel Inc. (MAT)
Mattel is looking good today, up 4.78% to $26.73. The toy company saw its shares rally after better than expected earnings. For the quarter, Mattel management announced a loss of $0.08 per share, which beat analysts' estimates of a loss of $0.09 per share. Furthermore revenues came in at $922.7 million, which again beat Wall Street's view of $898.0 million. Shares of Mattel climbed nearly $1.50 today, but are still well off of their 52-week high of $40.00.
American Express Company (AXP)
American Express is getting declined today, down 4.44% to $77.32. The charge and credit card payment company saw its shares fall after an earnings miss. For the quarter, American Express had earnings of $1.48 per share, topping analysts' estimates of $1.37 per share. However, revenue of $7.9 billion for the quarter missed Wall Street projections of $8.21 billion. The miss on revenue seems to be worrying investors as shares dropped over $3.50 today and hit a new 52-week low of $76.53.
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