Market Updates: Juniper Networks (NYSE:JNPR), Toyota Motor (NYSE:TM), Ford Motor (NYSE:F), Mattel (NASDAQ:MAT), Wal-Mart (NYSE:WMT)

Juniper Networks (NYSE:JNPR) posted a profit of $130.96 million, or 24 cents a share, compared with a profit of $132.48 million, or 25 cents a share. Revenue was $941.45 million, up from $923.49 million for the same quarter the previous year. Adjusted income was 32 cents a share. Analysts had expected the Sunnyvale, Calif.-based networking gear maker to post earnings of 26 cents a share, on revenue of $884.4 million, according to a consensus survey by FactSet Research. -MarketWatch

U.S. dealers who sell Toyota Motor (NYSE:TM) namesake brand may lose as much as $2.47 billion in combined monthly revenue because of the halt of sales of eight models, including the popular Camry and Corolla sedans. The 1,234 Toyota brand dealers would each miss out on $1.75 million to $2 million a month in revenue from new and used versions of the models that aren’t allowed to be sold, said John McEleney, the chairman of the National Automobile Dealers Association and owner of McEleney Toyota in Clinton, Iowa. “We’ve never really dealt with anything like this with any manufacturer,” said McEleney, who also owns a Chevrolet dealership in Clinton. Hyundai Motor Co. yesterday joined Ford Motor (NYSE:F) and General Motors Co. in offering discounts to lure Toyota owners, while consumer Web site Edmunds.com said fewer shoppers are aiming to buy Toyotas. The company’s U.S. market share may fall to 14.7 percent in January, the lowest since March 2006. -Bloomberg

The dollar rallied Friday to its highest level since August against its major competitors as better-than-expected U.S. economic growth led investors to place increasing bets on a U.S. recovery gaining traction. A strong U.S. gross domestic product report released Friday bolstered a slightly more rosy statement from the U.S. Federal Reserve released earlier in the week, with many investors expecting key U.S. interest rates will increase sooner than previously expected, boosting the greenback. -The Wall Street Journal

Mattel (NASDAQ:MAT) reported Friday better sales of its classic toys over the holidays and said cost-cutting helped its fourth-quarter profit rise 86%. Mattel says it earned $328.4 million, or 89 cents per share on 1% higher sales of $1.96 billion. Earnings beat estimates of 68 cents per share, but not revenue of $1.98 billion. Shares rose over 3.5% in premarket. In other news, Wal-Mart (NYSE:WMT) was upgraded at Goldman Sachs to buy from neutral. The target price on WMT shares was to $60 from $58. The broker cited sales, expense control and expanding margins as drivers. Shares climbed 1.7% ahead of the bell.-Daily Finance

-Market Update provided by Jutia Group