Mattel Jumps On Barbie Sales Surge, Plus 4 Other Trending Stocks

American Express Beats Earnings Estimates

American Express Company (NYSE:AXP) has slipped by 1.66% this morning despite the credit card company beating earnings estimates with its second quarter results. American Express earned $2.10 per share, beating the estimates of $1.95. However, revenue of $8.24 billion missed the consensus estimate of $8.40 billion. American Express experienced a 37% jump in its profit during the quarter, due to a rise in customer spending and the issuance of new cards. Out of the funds in our database, 52 were long American Express Company (NYSE:AXP) at the end of March.

Mattel Posts Strong Quarter, Barbie Sales Up

Mattel, Inc. (NASDAQ:MAT) shares have popped by 1.83% after the company reported a strong second quarter. Mattel’s 52-year-old brand Barbie experienced a 23% rise in sales, its biggest quarterly jump since 2009. Barbie’s sales rose as a result of Mattel’s decision to revamp its Barbie dolls with new features. Overall, the California-based company posted EPS of $0.02, while revenue for the quarter came in at $957.3 million, topping the consensus estimate of $936.58 million. John W. Rogers’ Ariel Investments was one of 37 hedge funds in our database that owned stakes in Mattel, Inc. (NASDAQ:MAT) at the end of the first quarter.

F5 Networks Beats Third Quarter Estimates

F5 Networks, Inc. (NASDAQ:FFIV) has gained 1.45% after the company beat estimates with its fiscal year 2016 third quarter financial results. The Seattle-based networking technology company reported EPS of $1.81, bettering the consensus estimate of $1.79. Revenue for the quarter came in at $496.5 million, slightly topping analysts’ consensus target of $495.29 million. F5 Networks is also in the spotlight after the New York Post reported that equity firm Thoma Bravo is interested in buying the company. As of the end of the first quarter, 28 hedge funds out of those tracked by Insider Monkey were long F5 Networks, Inc. (NASDAQ:FFIV).

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