Sept 18- Rite Aid Corp, the third largest U.S. drugstore chain, cut its full-year profit forecast for the second time this year as lower margins from its pharmacy business continue to eat into earnings. Rite Aid shares fell nearly 9 percent in premarket trading on Thursday after the company also shaved the top end of its sales forecast.
PASADENA, Calif.— Green Dot is lowered its full-year profit and revenue expectations, citing an acquisition of a tax refund company and rising expenses in its core business this year. Green Dot now expects adjusted earnings between $1.25 and $1.29 per share. Previously, Green Dot Corp. anticipated $1.37 to $1.41 per share.
ABU DHABI/ DUBAI, Sept 18- Mubadala, the Abu Dhabi state-owned investment fund with a mandate to develop the emirate's economy, posted a 23 percent increase in first-half profit, aided by higher income from joint ventures and one-off gains.
Sept 18- Business research and information firm IHS Inc reported a better-than-expected adjusted quarterly profit helped by revenue growth in its subscription business in America and Europe. IHS forecast an adjusted profit of $5.70 to $5.80 per share and revenue of $2.23 billion to $2.24 billion for the full year ending Nov. 30.
ABU DHABI/ DUBAI, Sept 18- Mubadala, the Abu Dhabi state-owned investment fund with a mandate to develop the emirate's economy, posted a 23 percent increase in profit for the first half of 2014, aided by higher income from its joint ventures.
Rob Enderle, President and Principal Analyst at Enderle Group, says Sony needs to rebuild itself like Apple did in the late 90s.
NEW YORK— Steel Dynamics forecast a strong third-quarter profit on Wednesday, citing increased shipments and solid demand from key markets. Steel Dynamics bought the Ohio mini-mill from Russian steelmaker OAO Severstal for $1.63 billion.
FORT WORTH, Texas— Pier 1 Imports Inc. on Wednesday reported net income of $9.2 million in its fiscal second quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share. Analysts expected $427.3 million, according to Zacks.
It opened its first flagship store in New York City's chic Soho neighborhood in 2006. With the addition this week of a new location in Wayne, New Jersey, the company- owned by the world's fourth-largest fashion retailer, Fast Retailing Co- now operates 26 U.S. stores.
Sept 17- Nucor Corp shares rose to a six-year high on Wednesday after the steelmaker said it would report higher-than-expected third-quarter earnings. Nucor said it expected to post a third-quarter profit of 70 cents to 75 cents per share.
*Cost cutting to help save $100 mln by 2014. Sept 17- General Mills Inc reported a lower-than-expected quarterly profit as the maker of Cheerios cereal and Betty Crocker cake mixes lost further ground to cheaper store-branded foods amid rising demand for alternative breakfast options.
The Pittsburgh company said it expects a big improvement in its third-quarter operating income from its reportable segments and other businesses. Steel said it will provide about $165 million in secured, debtor-in-possession financing to U.S. Steel Canada Inc., which will allow the business to continue operating as it explores the restructuring.
Discussing how to play FedEx after the company's Q1 earnings surge, with Christian Wetherbee, Citi transportation analyst. Wetherbee says going into the holiday season FedEx is positioned to go after a better mix of business.
Sept 17- Lennar Corp, the second largest U.S. homebuilder, reported a better-than-expected 47 percent jump in quarterly profit as it sold more homes at higher prices, and its shares rose as much as 6 percent in premarket trading.
Sept 17- Steelmaker Nucor Corp said it expects higher third-quarter profit, citing a rise in profitability from some steel products. The company forecast third-quarter profit of 70- 75 cents per share. It posted a profit of 46 cents per share for the third quarter last year.
CNBC's Jim Cramer breaks down the quarterly numbers for FedEx. Cramer says FedEx has a beautiful quarter and it's what investors want to see.
Sept 17- General Mills Inc reported lower-than-expected quarterly profit and revenue as the maker of Cheerios cereal and Betty Crocker cake mixes lost further ground to cheaper store-branded foods amid rising demand for alternative breakfast options.
MIAMI— Lennar Corp. on Wednesday reported fiscal third-quarter net income of $177.8 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share. Analysts expected $1.94 billion, according to Zacks.
Sept 17- FedEx Corp reported a better-than-expected 24 percent jump in quarterly profit as the world's No. 2 package delivery company benefited from higher shipment volume. The company's net income rose to $606 million, or $2. l0 per share, in the first quarter ended Aug. 31, from $489 million, or $1.53 per share, a year earlier.
Donald Broughton, Avondale Partners, breaks down the shipping company's fiscal first quarter results which beat on both the top and bottom line.