LONDON, Dec 4- Standard Chartered warned that 10 years of record earnings are likely to end this year, with profit set to fall because of losses in Korea, a slowdown in its key Asian markets and tougher regulations.
Guy Berruyer, CEO of Sage Group, says the business will see growth when businesses begin to update their outdated software.
Markets are getting a little choppy. Good thing Jim Cramer knows how to navigate these waters.
NEW YORK-- NEWS: OmniVision Technologies said Tuesday its net income more than doubled in the fiscal second quarter, but its shares slumped after the company's guidance fell short of Wall Street expectations. NUMBERS: OmniVision said its net income rose to $26.3 million, or 47 cents per share, from $10.3 million, or 19 cents per share.
NEWS: United Natural Foods said Tuesday its net income rose 29 percent in the fiscal first quarter as sales improved and it was free of a one-time charge that weighed its year-ago results. NUMBERS: United Natural Foods said its net income rose to $27.8 million, or 56 cents per share, from $21.5 million, or 43 cents per share.
William Ackman's flagship Pershing Square fund posted gains in November and the year, even as Herbalife lost more money.
Brian White, Cantor Fitzgerald, and Max Wolff, ZT Wealth senior analyst, debate if Apple is worth buying on the surge. White says Apple is extremely cheap. Wolff is skeptical of Apple's innovation.
CNBC's Josh Lipton explains why Apple is shining while the rest of Wall Street is seeing red. Lipton says the iPad Mini was the top seller at Wal-Mart and its iPad Air was tops at Target on Black Friday.
*Canada's No. 4 bank is first to report quarterly results. TORONTO, Dec 3- Quarterly earnings at Bank of Montreal rose 1 percent due to stronger wealth management profit, and Canada's No. 4 bank raised its dividend, but its shares fell on Tuesday on the back of a sluggish performance at its U.S. Harris Bank unit.
NEWS: Isle of Capri Casinos returned to a profit in its fiscal second quarter, helped by a favorable ruling on litigation in Greece. NUMBERS: For the three months ended Oct. 27, Isle of Capri Casinos Inc. earned $8 million, or 20 cents per share.
Dec 3- Exhibitions organiser ITE Group Plc's full-year profit beat expectations, helped by contributions from acquisitions and a jump in third-quarter revenue.
TORONTO, Dec 3- Bank of Montreal said on Tuesday that its quarterly earnings rose 1 percent, topping estimates, after stronger wealth management results offset weaker income from the brokerage and U.S. Harris Bank units.
Some of the names on the move ahead of the open.
NEW YORK-- An analyst is raising some of his estimates for Shoe Carnival, citing the footwear and accessories company's better-than-expected third-quarter earnings and favorable fourth-quarter outlook. On Monday, Shoe Carnival Inc. reported quarterly earnings of 54 cents per share on revenue of $235.8 million.
Dec 2- Yum Brands Inc said November sales at established KFC restaurants in China, its top market, failed to grow despite a successful half-priced chicken promotion, and it forecast a return to earnings per share growth in 2014.. Yum is the biggest Western restaurant operator in China and had almost 4,500 KFC outlets there at the end of its third quarter.
NEWS: Ascena Retail Group Inc., the company behind the Lane Bryant and dressbarn brands, said Monday that its fiscal first-quarter net income rose 22 percent as sales in its shops rose. NUMBERS: Net income rose to $52.6 million, or 32 cents per share, in quarter that ended on Oct. 26. Revenue rose 5 percent to $1.2 billion, above Wall Street's view of $1.18 billion.
The shares fell 83 cents, or 3.3 percent, to close at $24.55, then tumbled another $3.33, or 14 percent, to $21.22 in after-hours trading. Krispy Kreme Doughnuts Inc. said Monday that it earned $6.8 million, or 9 cents per share, in the quarter ended Nov. 3. That compared with year-ago profit of about $5 million, or 7 cents per share.
CNBC's Dominic Chu highlights how some big name retailers are performing on Cyber Monday.
Michelle Peluso, Gilt CEO, provides her thoughts on online luxury sales this holiday season and why her company is not "in a rush" to go public.
UnitedHealth Group Inc.' s projections for earnings and revenue growth next year fall well short of Wall Street's expectations for the nation's largest health insurer. Funding cuts to Medicare Advantage coverage have fueled UnitedHealth's relatively conservative expectations for this year and next.