Wednesday's Winners & Losers: Mattel

Shares get a lift as the toymaker's CEO apologizes for recent recalls.
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Updated from 12:06 p.m. EDT

Shares of

Quicksilver Resources

(KWK)

were among the NYSE's winners Wednesday, jumping 6.5% after the exploration and production company announced a deal to sell its assets in Michigan, Indiana and Kentucky to

BreitBurn Energy Partners

(BBEP)

.

Quicksilver will receive $750 million in cash and about 21.348 common units of BreitBurn, a California-based exploration and production outfit. BreitBurn has the option to increase the cash portion of the deal at closing and reduce the number of common units issued based upon a fixed unit value of $32.79, representing total consideration of $1.45 billion. Shares of Quicksilver closed up $2.71 to $44.39, while BreitBurn units added 17 cents, or 0.5%, to $32.37.

Elsewhere,

Mattel

(MAT) - Get Report

shares were on the rise as the toymaker's CEO attempted to mitigate damage from a recent string of recalls. CEO Robert Eckert, speaking to the Senate Appropriations subcommittee, apologized for the incidents and promised to improve toy safety, according to the

Associated Press

.

The recalls relate to millions of Chinese-made toys under popular brands like Barbie and Fisher Price that may have contained lead paint. Shares of Mattel closed up 92 cents, or 4.2%, to $22.82.

First Marblehead

(FMD)

climbed 6.4% after the provider of educational-financing services increased its dividend by 10%. First Marblehead will now pay a quarterly dividend of 27.5 cents, compared with its prior payout of 25 cents. Shares rose $2.22 to close at $37.16.

On the losing side, shares of

Brady

(BRC) - Get Report

slid 5.2% after the maker of labels, signs and safety devices offered a weaker-than-expected outlook for the coming year. For the recently ended fourth quarter, Brady reported earnings of 58 cents a share, before charges, on sales of $362.8 million. That topped analyst targets for earnings of 57 cents a share and sales of $359 million.

But for fiscal 2008, the company forecast earnings of $2.31 to $2.42 a share, below analysts' average forecast of $2.48. Brady projected revenue of $1.43 billion to $1.46 billion, compared with Wall Street's expectation of $1.48 billion. Shares of Brady closed down $2.04 to $37.05.

Chiquita Brands

(CQB)

dropped 2.8% after the fruit concern cautioned that third-quarter margins will be squeezed by cost pressures. The company said, however, that it has seen "meaningful" year-over-year banana price increases and 2% higher volumes in North America. Shares slipped 44 cents to close at $15.49.