Lower Costs Drive Strong Profit
Mattel reported second-quarter earnings of $0.28 on sales of $1.16 billion. Analysts had expected $0.21 and $1.13 billion, respectively. MAT rallies 7 percent before the bell on my tradeMONSTER platform.
Mattress Firm Drops On Soft Sales
Mattress Firm said second-quarter revenue was $260 million to $265 million, lower than its earlier guidance of $270 million to $275 million. Full-year earnings guidance was also below consensus. MFRM dropped 13 percent after the bell yesterday, but hasn't traded yet this morning.
Strategic Review Lifts Digital Generation
Digital Generation hired Goldman Sachs to help explore strategic alternatives, potentially including a sale of the company. DGIT rockets 23 percent in the premarket.
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