Mattel's toy troubles, BlackBerry beat down & CarMax climbs to fresh record

CarMax (KMX) is burning rubber and moving higher by as much as 10%. The nation's largest seller of used cars said earnings for its third quarter came in at $0.60 a share, a full $0.06 better than estimates. What's notable here is that expectations were pretty high coming into the number, with shares already at record levels. Apparently its not just new cars being bought by consumers in 2014; shares of CarMax are more than 40% higher on the year.

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BlackBerry (BBRY) is taking a beating today, off 5% after a big revenue miss of $793 million, analysts were expecting $932 million. While the device maker did narrow its profit losses during the quarter to $0.28 a share compared to $8.32 a year ago, the company is just not making enough progress in its turnaround. CEO John Chen readily admitted that today, telling investors the company still has a lot of work to do. That task is even harder with Apple (AAPL) firing on all cylinders.

Barbie is a house of misery for Mattel (MAT). The toymaker taking it on the chin along with competitor Hasbro (HAS) after BMO Capital said the companies are losing share to mostly private competitors. Lego and any number of different apps are taking share from the traditional toy operators. Frozen toys are working for Mattel but overall the companies are fighting an uphill battle as they try to stay relevant to today's kids. BMO Capital does believe rival JAKKS Pacific (JAKK) will have a happy holiday.

 

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