Pre-Market Movers: Orient-Express Hotels Ltd. (NYSE:OEH), Kaman Corporation (NYSE:KAMN), Mattel, Inc. (NASDAQ:MAT)

mattel

Luxury hotel company Orient-Express Hotels Ltd. (NYSE:OEH) reported late on Thursday Q4 2013 adjusted net loss of $8.4 million, or $0.08 per share, compared to adjusted net loss of $9.8 million, or $0.10 per share, a year earlier. On average, analysts surveyed by Capital IQ had expected a loss of $0.04 per share. Revenue increased 9% year-over-year to $138 million from $126.5 million after hotels revenue went up 7% to $113.3 million and trains & cruises revenue jumped 17% to $$24.7 million. The Capital IQ consensus was $137 million.

Aerospace and distribution company Kaman Corporation (NYSE:KAMN) said Thursday night that its distribution segment, Kaman Distribution Group, signed a definitive agreement to buy the operating assets and associated liabilities of B.W. Rogers Company, a distributor of fluid power products. The transaction, which value has not been disclosed, is expected to close early in Q2 and could expand Kaman’s footprint in both fluid power and automation.

Toy maker Mattel, Inc. (NASDAQ:MAT) has agreed to buy its Canadian counterpart MEGA Brands Inc. (TSE:MB) in a $460 million deal, including debt. MEGA Brands shareholders holding approximately 39% of MB.TO common shares have agreed to vote in favor of the transaction. Mattel says the acquisition allows it to expand into the US$4-billion construction building sets and US$2-billion arts and crafts categories. MAT was up 0.5% after hours Thursday.

 

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