1 month ago
Stock Market

Top Gainers: Coty, Mattel, Motorola Solutions, Electronic Arts

Investing.com - The stock market may be struggling for a third day, but Coty, Mattel, Motorola Solutions and Electronic Arts

Investing.com - The stock market may be struggling for a third day, but Coty, Mattel, Motorola Solutions and Electronic Arts are thriving.

Coty (NYSE:COTY), the cosmetics maker, has been struggling, but shares were up 30% to $9.20 after it beat estimates for earnings and profit for the fourth quarter. The company earned 24 cents a share. The consensus estimate compiled by Investing.com was 22 cents. Revenue was $2.51 billion, compared with the Investing.com estimate of $2.47 billion.

Mattel (NASDAQ:MAT) shares jumped 23% to $15.17 as holiday sales of its iconic Barbie and Big Wheels tricycle, plus cost cutting, helped fourth-quarter earnings beat estimates. The good news in the report, released after Thursday's close, came despite the demise of Toys 'R' Us, the company's biggest sales outlet.

Motorola Solutions (NYSE:MSI) added 13% to $134.39. Motorola Solutions develops software and services for radio networks and other markets. Acquisitions and old-fashioned growth helped boost revenue 15% in the fourth quarter to $2.25 billion. Earnings of $2.63 a share were ahead of the $2.53 estimate compiled by Investing.com. Its backlog of orders grew 10% to $10.6 billion.

Electronic Arts (NASDAQ:EA) is up 13.4% to $95.39 because it has a winner. The game maker said today its "Apex Legends" game had pulled in 10 million players in 72 hours. The game, created by EA's Respawn Entertainment division, is designed to compete with other multi-player battle games, especially "Fortnite."