COLUMBUS, Ohio-- Clothing and accessories chain The Express Inc. said Wednesday its fourth-quarter net income fell 25 percent as the company marked down more goods than expected to move merchandise. Net income for the three months ended Feb. 1 fell to $47.9 million, or 57 cents per share. That compares with net income of $63.9 million, or 75 cents per share, a year ago.
March 12- U.S. railroad CSX Corp warned first-quarter earnings would be hit by about 10 cents per share as a severe winter hit operations and volumes. The company expects full-year earnings to grow at a more modest rate than previously forecast, Chief Financial Officer Fredrik Eliasson said at a JP Morgan conference in New York City on Wednesday.
March 12- U.S. railroad CSX Corp said severe winter weather will likely reduce first-quarter earnings by about 10 cents per share.
In the past two days, U.S. apparel retailers, American Eagle Outfitters and Urban Outfitters Inc have warned that results in the current quarter would be hurt by stiff competition and choppy sales trends at malls.
Some of the names on the move ahead of the open.
Express said it expects first-quarter earnings of 12 cents to 18 cents per share, below analysts' average forecast of 41 cents per share, according to Thomson Reuters I/B/E/S.
GENEVA, March 12- Global airlines expect to make $1 billion less profit this year than previously hoped, denting a U.S.-led recovery, as the Ukraine crisis pushes up the industry's fuel bills, the International Air Transport Association said on Wednesday.
Tidjane Thiam, CEO of Prudential, discusses the company's decision to extend its partnership with Standard Chartered.
Tidjane Thiam, CEO of Prudential, says the Asian market is growing at a fast rate but the business is well positioned to take advantage.
Prudential has struck a deal with financial services group Standard Chartered to expand the an existing partnership between the two groups.
Siobhan Talbot, group managing director at Glanbia, a dairy producer, talks through the company's earnings and says the sports nutrition business is its fastest growing area.
Frank Appel, CEO of Deutsche Post DHL, says 2014 will not be "much stronger" than last year for the company.
Plug Power's stock hit $12 today, but Andrew Left, Citron Research founder and editor, thinks the stock is worth $0.50.
Andrew Left, Citron Research founder and editor, thinks Plug Power is worth 50 cents, and questions the company's management.
*LNG vessel rates halve to $70,000/ day. LONDON, March 11- Deliveries of new gas tankers have created a glut that is threatening to tip some operators into losses, just as other shipping markets emerge from their worst downturn in decades. Earnings have halved to around $70,000 per day over the past year, leaving only a thin profit margin.
NEW YORK-- Stock analysts are eyeing a potential turnaround at Urban Outfitters, but remain uncertain on its timing. On Monday the retailer, whose brands include Free People, Anthropologie, its namesake and others, reported fiscal fourth-quarter earnings of 59 cents per share on revenue of $905.9 million.
YORK, Pa.-- Bon-Ton Stores announced CEO Brendan Hoffman will step down next year after the department store reported falling profit and sales for the fourth quarter. Like other retailers, Bon-Ton said nasty winter weather kept shoppers away from stores around the crucial holiday season.
*Mercedes to shrink sales gap to Audi- IHS. INGOLSTADT, Germany, March 11- German luxury carmaker Audi, source of nearly half of Volkswagen's profits, expects another drop in operating earnings this year as it invests in new models and foreign expansion in a bid to catch up with sales at luxury rival BMW.
PITTSBURGH-- American Eagle Outfitters' fourth-quarter net income tumbled 89 percent as winter storms weighed on sales and the teen retailer booked significant one-time charges, like severance costs.
*Says expects 1st- quarter earnings/share $0.00 vs est $0.13. March 11- Teen apparel retailer American Eagle Outfitters Inc forecast earnings for the current quarter that fell short of analysts' expectations, saying a severe winter had hurt demand.