Stocks to Watch: Citigroup, Mattel (Update 1)
NEW YORK -- Citigroup(C) is expected to report first-quarter earnings before the bell Monday and analysts see the bank earning $1 a share, the same as a year earlier, on revenue of almost $20 billion.
Mattel(MAT) , the toy company, said Monday that first-quarter net income declined 53%.
Mattel posted profit of $7.8 million, or 2 cents a share, down from year-earlier earnings of $16.6 million, or 5 cents. Adjusted earnings in the latest quarter were 6 cents a share.
Revenue fell 3% to $928.4 million.
Analysts expected Mattel to post quarterly earnings of 7 cents a share on revenue of $990.9 million.
Gannett(GCI) , the publisher of USA Today, will earn 31 cents a share in the first quarter, according to analysts.
The Federal Communications Commission has proposed fining Google(GOOG) $25,000 for obstructing an investigation into the company's collection of data from unencrypted Wi-Fi networks in 2010, according to a published media report.
Meanwhile, Oracle's(ORCL) case against Google over smartphone technology begins Monday in San Francisco with jury selection.
Oracle claims that Google's Android operating system infringes patents and copyrights associated with the Java programming language, which Oracle obtained through its purchase of Sun Microsystems.
-- Written by Joseph Woelfel
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