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Profit Warnings

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  • NEW YORK, Sept 18- Shares of Rite Aid Corp were falling early Thursday, in the highest volume so far on the New York Stock Exchange, after it cut its full-year profit forecast for a second time this year and lowered the top end of its sales forecast.

  • Rite Aid cuts full-year profit forecast for second time Thursday, 18 Sep 2014 | 7:27 AM ET

    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.

  • Green Dot lowers full-year forecasts Thursday, 18 Sep 2014 | 6:51 AM ET

    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.

  • UPDATE 2-ASOS to cut prices after third profit warning Tuesday, 16 Sep 2014 | 6:57 AM ET

    LONDON, Sept 16- British online fashion retailer ASOS warned on profit for the third time in seven months, saying its needs to cut prices in international markets to reverse a sharp slowdown in sales growth.

  • LONDON/ BUDAPEST, Sept 3- Banks in central and eastern Europe risk missing out on beneficial foreign investment if they fail to step up efforts to provide clearer information about their financial health. Austria's Erste had a profit-warning in July because of troubles in Hungary and Romania.

  • LONDON, Aug 29- Tesco will slash its dividend and investment spending to give its new boss more firepower to rebuild Britain's biggest retailer, after a second profit warning in two months showed the scale of the task he faces.

  • Aug 27- Yingli Green Energy Holding Co Ltd reported a bigger-than-expected quarterly loss and cut its forecast for 2014 panel shipments as demand begins to falter due to U.S. duties on China- and Taiwan- made solar products.

  • MOSCOW, Aug 26- Russia's Economy Ministry has ramped up its inflation forecasts and halved its 2015 economic growth forecast, adding to signs that tit-for-tat sanctions over Ukraine are seriously harming its economy. It cited the impact of a ban on Western food imports that Russia introduced in retaliation for Western sanctions.

  • Aug 20- Target Corp cut its full-year earnings forecast as it offers more discounts to attract cash-strapped customers and win over shoppers unnerved by a massive holiday-season data breach. Target's shares rose 1 percent to $59.81 in noon trading.

  • *Expects recession, fighting in Ukraine to hurt results. MOSCOW, Aug 20- Russia's biggest mobile phone operator MTS cut full-year sales and core profit forecasts on Wednesday, citing instability in Ukraine, its second-biggest market.

  • Target cuts full-year profit forecast Wednesday, 20 Aug 2014 | 8:10 AM ET

    Aug 20- Target Corp reported a 62 percent drop in second-quarter profit and cut its full-year earnings forecast as it resorts to price cuts to attract cash-strapped consumers and win over shoppers unnerved by a massive holiday-season data breach.

  • European shares dip as Carlsberg warns on Russia profits Wednesday, 20 Aug 2014 | 8:00 AM ET

    LONDON/ PARIS Aug 20- European shares dipped on Wednesday, ending a two-day rally, with investors rattled by Carlsberg warning that profits would fall this year due to deteriorating conditions in Russia.

  • Aug 20- Lowe's Cos Inc, the world's No. 2 home improvement products retailer, reduced its sales forecast for the full year, sending its shares down 4 percent in premarket trading.

  • European shares dip; Carlsberg hit by Russia concerns Wednesday, 20 Aug 2014 | 4:12 AM ET

    PARIS, Aug 20- European shares dipped in early trade on Wednesday, ending a sharp two-day rally, with investors rattled after Carlsberg issued a profit warning, blaming deteriorating conditions in Russia.

  • Aug 14- Wal-Mart Stores Inc cut its full-year profit forecast, citing higher employee healthcare costs and increased investment in its online business, and the company said heavy discounting was likely to continue into the holiday shopping season.

  • BERLIN, Aug 14- Germany's Chambers of Commerce cut its 2014 estimate for exports from Europe's biggest economy on Thursday due to the Ukraine crisis, but said even its lower forecast would not be achievable if the standoff between Russia and the West worsened.

  • Aug 14- Wal-Mart Stores Inc cut its full-year profit forecast, citing higher employee healthcare costs and increased investment in its online business. Wal-Mart is yet to make its mark in the U.S. online marketplace, which is dominated by Amazon.com Inc..

  • Aug 13- Macy's Inc cut its full-year same-store sales forecast, after second-quarter sales failed to make up for weakness in the first quarter when harsh weather kept shoppers away. Many customers still are not feeling comfortable about spending more in an uncertain economic environment, "Chief Executive Terry Lundgren said in a statement on Wednesday.

  • Macy's cuts full-year same-store sales forecast Wednesday, 13 Aug 2014 | 8:17 AM ET

    Aug 13- Macy's Inc cut its full-year same-store sales forecast, saying a 3.3 percent rise in second-quarter sales would not make up for weakness in the first quarter when harsh weather kept shoppers away. Shares of the company, which also owns the high-end Bloomingdale's chain, were down 5 percent at $56.77 in premarket trading.

  • *Areva's BBB- long term rating just one notch above junk. *Areva earnings guidance not in line with S&P assumptions. PARIS, Aug 7- French nuclear group Areva could find its investment grade credit rating under threat after warning of lower sales last week, which upset the assumptions of the only agency that rates its debt.