Wednesday 26 July 2023

Mattel’s shares have soared 33% in the run up to ‘Barbie.’

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Snap shares fall on softer Q3 outlook as app tries to revamp ads

Photo messaging app-owner Snap Inc (NYSE:SNAP) on Tuesday gave weaker third quarter guidance than analysts had expected as it works to compete with tech giants for advertising dollars, sending its shares down 17%.

Mattel's shares have soared 33% in the run up to 'Barbie.' But the doll's new Hollywood stardom isn't expected to lift the company's sales until later this year

Barbie, the film based on the iconic Mattel doll, had the biggest opening of the year last weekend, but don't expect the picture to have a major impact on the company's near-term financial results. Directed by Greta Gerwig and starring Margot Robbie, Barbie has already sold $356.3 million in theater tickets globally.






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