, with quarterly earnings of 79 cents per share. The networking equipment maker's revenue slightly above forecasts. Its shares are under pressure as revenue declined for the fifth straight quarter on reduced spending by customers on network infrastructure products for offices. The stock fell 4% in premarket trading as of 7:46 a.m. ET. – Mattel reported quarterly profit of 40 cents per share, 17 cents a share above estimates.
The stock gained 2% in premarket trading as of 7:46 a.m. ET. – Yelp shares are gaining ground after the restaurant and local services review site company posted quarterly profit of 27 cents per share, compared to consensus forecasts of a breakeven quarter. Revenue was also above forecasts, and Yelp is projecting that it will return to year-over-year revenue growth for 2021.