Mattel ( MAT) is trending as the toy company missed Wall Street's expectations for the fourth quarter holiday season. Mattel said net income for the quarter fell 17% to $306.5 million, or 87 cents a share, down from $370.6 million, or $1.07 a share, a year earlier. Excluding a charge, the company earned $1.12 a share, below analysts' estimates of $1.15 a share. Net sales rose 5% to $2.26 billion, below analysts' estimates of $2.29 billion. The company attributed weak demand for Barbie dolls and movie-themed dolls over the holidays to the lower-than-expected results. Sales of Barbie-related products fell 4% in the quarter, while sales in the company's entertainment business fell 13% on poor demand for "Cars 2" movie-themed products. Mattel raised its quarterly dividend to 36 cents a share, up from 31 cents in the previous year.
Grand Theft Auto V is another popular search. The hotly-anticipated follow-up to 2008's Grand Theft Auto IV video game will be released on Sept. 17. Rockstar Games, owned by Take-Two Interactive ( TTWO), said the game will be available on the Xbox 360 and PlayStation 3 this fall, several months later than the original launch time frame of spring 2013.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move. -- Written by Brittany Umar.