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Profit Warnings

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  • June 24- Cree Inc said it would reduce manufacturing capacity at its light-emitting diode factory, as it struggles with a decline in prices, and take an $85 million restructuring charge. The company said it now expects revenue of $375 million for the current quarter, down from the $420 million- $440 million it expected earlier. The company had recorded revenue of...

  • Cree to restructure LED business, cuts revenue forecast Wednesday, 24 Jun 2015 | 4:19 PM ET

    June 24- Cree Inc, a light-emitting diode maker, said it would restructure its LED products business, hurt by a decline in selling price and under-utilization of its factory. Cree, which also lowered its revenue forecast for the fourth quarter, said on Wednesday it would buy back $500 million worth of stock for fiscal 2016.. The company said it expects to take a...

  • BANGKOK, June 19- Thailand's central bank cut its 2015 growth forecast and said exports would contract for a third straight year and that consumer prices will fall this year. The Bank of Thailand lowered its growth projection to 3.0 percent from 3.8 percent seen three months ago. "The economy will return to its normal trend next year," Assistant Governor Mathee...

  • *Yields fall after Fed statement. NEW YORK, June 17- U.S. "I look at the economic outlook as pretty dovish," said James Camp, managing director at Eagle Asset Management in St. Petersburg, Florida.

  • *Yields fall after Fed statement. NEW YORK, June 17- U.S. "I look at the economic outlook as pretty dovish," said James Camp, managing director at Eagle Asset Management in St. Petersburg, Florida.

  • UPDATE 1-Oshkosh cuts full-year profit forecast Tuesday, 16 Jun 2015 | 8:36 AM ET

    June 16- Oshkosh Corp, a specialty truckmaker, said bad weather hurt sales at its access equipment business for the current quarter and cut its full-year profit. The company cut its adjusted earnings per share forecast for the full year to $3.75- $4.00 from $4.00- $4.25. Up to Monday's close of $50.33 on the New York Stock Exchange, Oshkosh's stock had risen 3.4...

  • Oshkosh cuts full-year profit forecast Tuesday, 16 Jun 2015 | 7:50 AM ET

    June 16- Specialty truckmaker Oshkosh Corp cut its profit forecast for the full year, saying sales and profit were hurt by bad weather in the third quarter and delay in launching a product. The company said it expects third-quarter profit to be about the same as the adjusted profit for the same period a year earlier. Oshkosh cut its adjusted earnings per share...

  • PARIS, June 11- Zodiac Aerospace expanded a profit warning triggered by the cost of tackling aircraft seat manufacturing delays that have disrupted some jetliner production but insisted it would meet its goal of resolving the problems by the end of August. Paris- based Zodiac has been wrestling for months with missed deadlines for seat production, hampering...

  • SINGAPORE, June 11- Credit rating agency Standard& Poor's has cut its outlook on Singapore- listed commodities trader Noble Group Ltd to' negative' from' stable', saying it expects higher earnings volatility. The move marks the latest problem for the embattled commodity trader, which has seen its shares dive as much as 48 percent since mid-February after...

  • Brazil's auto industry cuts forecasts for grim 2015 Monday, 8 Jun 2015 | 11:10 AM ET

    SAO PAULO, June 8- Anfavea, the Brazilian automakers association, slashed its estimates for 2015 domestic vehicle output and sales on Monday, as rising interest rates and crumbling consumer confidence batter the local operations of global carmakers. Production is likely to drop 17.6 percent from last year and sales are likely to fall 20.6 percent, the group...

  • Growth is also being buoyed by ultra-supportive central bank policy in the big developed economies and in many places outside the United States by a stronger dollar, which makes the exports of other currency zones relatively cheaper. The Paris- based Organisation for Economic Co-operation and Development, a think tank funded by its membership of primarily...

  • LONDON, May 20- Shares in British luxury goods maker Burberry tumbled on Wednesday after it cut its annual profit guidance, hit by foreign exchange volatility and subdued demand in Hong Kong and the United States. It came after Burberry reported a rise in group profit for the year to the end of March- but adverse currency movements due to a strong pound took a big...

  • *Issues sell recommendations on BP and Statoil. May 18- Goldman Sachs has cut its long-term crude oil price forecasts and recommended investors sell shares in two major oil companies, saying that improved U.S. shale efficiency and higher production from OPEC will more than cover future demand. The U.S. investment bank's equities team, in a note published on...

  • NEW YORK, May 12- The U.S. government on Tuesday lowered its 2015 and 2016 crude oil production growth forecasts amid lower prices and fewer active drilling rigs. OPEC cut its forecast for the growth in U.S. oil output this year by 40,000 bpd to 700,000 bpd. It left the estimate for all non- OPEC countries' supply growth unchanged.

  • NEW YORK, May 12- The U.S. government on Tuesday lowered its 2015 and 2016 crude oil production growth forecasts amid lower prices and fewer active drilling rigs. In its short term energy outlook, the U.S. Energy Information Administration lowered its 2015 crude oil production growth forecast to 530,000 barrels per day from 550,000 bpd, while 2016 growth was seen...

  • LONDON, May 12- BHP Billiton, the world's largest mining company, said on Tuesday it would cut its capital and exploration expenditure to $9 billion in the 2016 financial year from $12.6 billion in 2015..

  • *Q1 earnings ex items $0.09/ shr vs est. MONTREAL/ TORONTO, May 7- Bombardier Inc outlined plans on Thursday to list a minority stake in its rail unit as it reported a quarterly profit that topped market expectations but also warned it may cut production of its profitable Global business jets. The company expects to launch an initial public offering of the rail...

  • May 6- Keurig Green Mountain Inc cut its full-year sales and profit forecasts as the company struggles to convince consumers to take up its new Keurig 2.0 brewing system, sending its shares sharply lower in extended trading. The maker of K-Cup single-serve coffee pods also named Peter Leemputte as its chief financial officer and treasurer, succeeding Fran...

  • Puma shares traded 3.4 percent lower at 0955 GMT, compared with a flat German small-cap index, while the stock of majority-owner French luxury goods group Kering was down 0.8 percent. The sportswear industry sources most products from Asia in U.S. dollar contracts, but Puma makes a bigger portion of its profits than its rivals in markets where currencies have...

  • LONDON, May 6- A leading think tank cut its forecast for Britain's economic growth in 2015 on Wednesday, a day before a closely fought national election, but said strong consumer spending should keep the recovery on track. The National Institute of Economic and Social Research also said none of Britain's main political parties had satisfactorily addressed the...