Mattel's ($31.31, +$1.77, +5.99%) fourth-quarter earnings rose 14% on improved margins, despite slower-than-expected sales growth, and the toy maker raised its dividend 35%. The largest U.S. toy maker by revenue has seen increased sales in recent quarters, aided by merchandise tied to movies and resilience in its iconic Barbie dolls.
McKesson's ($82.44, +$3.75, +4.77%) fiscal third-quarter earnings rose 94% as the pharmaceutical distributor reported higher revenue and recorded fewer charges from the year-ago period. The company's results beat analyst expectations.
Avery Dennison's ($26.74, -$1.96, -6.83%) fourth-quarter earnings fell 81% from a year-earlier period that included a tax benefit as the maker of labels and tags also reported sales declines at its retail branding and specialty businesses. The results were worse than expected and the company projected earnings for 2012 below Wall Street's views.
Archer Daniels Midland Co.'s (ADM, $28.59, -$1.12, -3.77%) fiscal second-quarter earnings plummeted 89% as the grain handler posted a large write-down related to a bioplastics joint venture and trading profits declined amid global market volatility. Overall revenue rose, but the company saw earnings fall in three of its major segments.
Parexel International Corp. (PRXL, $23.34, +$2.88, +14.08%) fiscal second-quarter earnings fell 23% on higher costs. However, the company, which provides clinical research and development services to the drug and biotechnology industries, predicted a strong showing in the current quarter. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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