News Summary

Shares of Mattel Inc MAT gained about 4.3% after the company reported upbeat Q4 earnings. The company's earnings came in at $0.89 per share. However, analysts were expecting earnings of $0.86 per share. The company reported its Q4 net sales of $2.12 billion, up from $1.96 billion, in the year-earlier period. The company's board declared a Q1 cash dividend of $0.23 per share. Shares of Ann Taylor Stores Corp ANN gained about 1.8% after the retailer projected its Q4 revenue of $515 million, up from its previous estimates of $500 million. ANN projects its same-store sales to increase by 11%. However, analysts expected Q4 revenue of $502.7 million. The company is scheduled to report its earnings on March 11. Shares of Hershey Co HSY rose about 1.1% after the company reported 9% y/y rise in itsQ4 profit. The company's earnings came in at $135.5 million, or $0.59 per share, up from $126.8 million, or $0.55 per share, in the year-earlier period. The company reported its adjusted net income at $0.61 per share. HSY's revenue increased to $1.48 billion from $1.41 billion. However, analysts were expecting earnings of $0.61 per share on revenue of $1.48 billion. Hershey projected its 2011 earnings of $2.54 to $2.63 per share, versus analysts' estimates of $2.77 per share. Read more from Benzinga's Markets.