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Profit Warnings

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  • April 21- DuPont's weak quarterly sales and lowered annual profit forecast is expected to provide fresh ammunition to Nelson Peltz in his campaign to split up the chemical maker. Peltz's hedge fund Trian Fund Management has for months criticized DuPont's underperformance, alleging that the company has repeatedly failed to meet financial targets.

  • April 21- U.S. miner Arch Coal Inc reported a bigger-than-expected quarterly loss and cut its full-year production forecast for both power-generating and steel-making coal. The company, which mines coal in various regions in the United States such as Powder River Basin, Appalachia, Colorado and Illinois, said average sales price fell to $19.18 per ton in the...

  • *Sees adj profit of $4.45- $4.65/ shr vs prev $4.65- $4.85. Fuel prices have risen 14 percent and the dollar has gained 3.5 percent since the company's previous forecast, Royal Caribbean executives said on a post-earnings call. The Miami- based cruise operator cut its earnings expectations to $4.45- $4.65 per share for the year ending December, from the $4.65- $4.85 it...

  • The company said on Monday that it now expects adjusted profit of $4.45- $4.65 per share for the year ending December, lower than its January forecast of $4.65- $4.85. Royal Caribbean said it now expects fuel expenses of $834 million based on current prices, up from its previous forecast of $806 million. Royal Caribbean's net yield in the first quarter ended March...

  • OMAHA, Neb.— CSX says the railroad won't deliver the double-digit profit growth it promised this year because coal demand remains weak. While that exceeded Wall Street expectations, freight volume was lower than the company projected. "We just haven't found the bottom yet," CEO Michael Ward said.

  • Intel tops 1Q profit forecasts Tuesday, 14 Apr 2015 | 4:16 PM ET

    SANTA CLARA, Calif.— Intel Corp. on Tuesday reported first-quarter net income of $1.99 billion. Intel lowered its own revenue forecast for the quarter last month, projecting sales of $12.5 billion to $13.1 billion, while citing weak demand for new personal computers. For the current quarter ending in June, Intel said it expects revenue in the range of $12.7...

  • *Gold hits two-week low at $1,183.68/ oz. LONDON, April 14- Gold cut losses on Tuesday, as the dollar turned lower after U.S. retail sales and producer prices data came in weaker than expected, but prices remained below $1,200 an ounce on higher equities. "Gold needs to close above $1,225 before there is any sustained rally... in the short term, there may be stops above...

  • WASHINGTON— The International Monetary Fund, citing the consequences of a strong dollar, is downgrading its outlook for the U.S. economy but raising its forecast for Europe and Japan. The international lending agency also left unchanged its prediction that the Chinese economy will grow 6.8 percent this year and 6.3 percent in 2016. That marks a sharp...

  • April 14- Johnson& Johnson cut its full-year profit forecast on Tuesday, saying it expected a strong dollar to keep hurting its international business. The Band-aid maker cut its full-year profit forecast to $6.04- $6.19 per share from $6.12- $6.27 per share. The company's net profit fell to $4.32 billion, or $1.53 per share, in the first quarter, from $4.73 billion,...

  • GENEVA, April 14- Global goods trade will grow by 3.3 percent this year and by 4.0 percent in 2016, less than previously forecast, mainly due to sluggish economic growth, the World Trade Organization said on Tuesday. "We expect trade to continue its slow recovery but with economic growth still fragile and continued geopolitical tensions, this trend could easily...

  • BERLIN— The World Trade Organization has cut its forecast for global trade growth this year and cautioned about the impact stemming from big exchange rate movements and geopolitical tensions. The Geneva- based body forecast Tuesday that the volume of world merchandise trade will expand by 3.3 percent this year, down from its forecast last September of 4...

  • GENEVA, April 14- Global goods trade will grow by 3.3 percent this year and by 4.0 percent in 2016, less than previously forecast, mainly due to sluggish economic growth, the World Trade Organization said on Tuesday. "We expect trade to continue its slow recovery but with economic growth still fragile and continued geopolitical tensions, this trend could easily...

  • WORLD TRADE ORGANIZATION CUTS FORECAST FOR 2015 WORLD TRADE GROWTH TO 3.3 PERCENT.

  • WORLD BANK CUTS 2015 DEVELOPING EAST ASIA AND PACIFIC GROWTH FORECAST TO 6.7 PCT FROM 6.9 PCT PREVIOUSLY, 2016 FORECAST TO 6.7 PCT FROM 6.8 PCT.

  • SINGAPORE, April 13- The World Bank cut its 2015 growth forecasts for developing East Asia and China, and warned of "significant" risks from global uncertainties including the potential impact from a strengthening dollar and higher U.S. interest rates. The Washington- based lender expects the developing East Asia and Pacific region, which includes China, to grow...

  • WORLD BANK CUTS 2015 CHINA GROWTH FORECAST TO 7.1 PCT FROM 7.2 PCT PREVIOUSLY, 2016 FORECAST TO 7.0 PCT FROM 7.1 PCT.

  • These firms consistently crush earnings forecasts Wednesday, 8 Apr 2015 | 10:33 AM ET
    Aluminum rods in a Alcoa plant.

    These 12 companies have torn past adjusted earnings forecasts by 10% or more for 4 straight quarters. USA TODAY reports.

  • March 25- Red Hat Inc, the world's largest commercial distributor of the Linux operating system, forecast a profit for the first quarter that matched analysts' estimates despite warning on a strong dollar hurting its revenue. Red Hat shares were up 5 percent in after-market trading on Wednesday after the company's profit beat the average analyst estimate for...

  • March 24- Business research firm IHS Inc slashed its full-year revenue and adjusted profit forecast due to a strong dollar and spending cuts by oil producers amid a slump in crude prices. IHS, which publishes Jane's Defense Weekly, provides global well, production and field information to oil and gas companies. The automotive business has been a growth engine...

  • March 24- Business research firm IHS Inc trimmed its full-year revenue and adjusted profit forecasts due to capex cuts by oil producers amid a slump in oil prices and a strong dollar. IHS, which also publishes Jane's Defence Weekly, provides oil and gas companies with global well, production and field information. Automotive has historically been a growth...