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Profit Warnings

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  • *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.

  • Adidas to hike marketing spend by 1 pct of sales Thursday, 7 Aug 2014 | 4:12 AM ET

    BERLIN, Aug 7- Adidas, the world's second-biggest sportswear firm, will increase its spending on marketing by 1 percent of sales as it seeks to halt the advance of market leader Nike following a profit warning last week. Adidas spent about 12.4 percent of its 14.5 billion euros of revenue on sales and marketing in 2013..

  • Among the targets Adidas abandoned last week was a goal to bring its operating margin to an ambitious 11 percent in 2015, still below the 13 percent recorded by rival Nike in its fiscal year to May 31.

  • Adidas sets new margin target after profit warning Thursday, 7 Aug 2014 | 1:52 AM ET

    BERLIN, Aug 7- Adidas, the world's second-biggest sportswear firm, cut its margin targets for 2014 on Thursday, a week after it issued a profit warning, blaming poor performance at its golf business and volatile emerging market currencies.

  • Aug 5- First Solar Inc, the biggest solar panel maker in the United States, reported a lower-than-expected quarterly profit, sending its shares down 5 percent in extended trade.

  • Aug 5- Target Corp cut its second-quarter profit estimate as it resorts to price cuts to attract cash-strapped consumers and win back customers unnerved by a huge holiday-season data breach. Sales at U.S. mass merchandisers such as Target and Wal-Mart Stores Inc have been hit as consumers struggling with stagnant wages and higher taxes cut back on spending.

  • *Costs for new initiatives in U.S., Spain hit margins. MILAN, Aug 5- Italian drinks group Campari cut its full-year profit margin forecast on Tuesday, blaming the cost of its expansion plans in the United States and Spain and overshadowing a pick up in underlying sales in the second quarter.

  • UPDATE 1-Time Inc cuts full-year revenue forecast Tuesday, 5 Aug 2014 | 7:29 AM ET

    Aug 5- Time Inc, the largest magazine publisher in the United States, reported a fall in quarterly revenue, hurt by a decline in subscription revenue and newsstand sales, and cut its full-year revenue forecast.

  • FRANKFURT, Aug 4- German industrial services and construction group Bilfinger SE said Chief Executive Roland Koch would quit, taking responsibility for a second cut in its 2014 earnings outlook since end-June.

  • *Cuts outlook to more than $7 bln from about $8 bln before. *Iron ore price assumption cut to $105/ tonne from $120. BRUSSELS, Aug 1- ArcelorMittal SA, the world's largest steelmaker, cut its forecast for earnings this year after lower than anticipated iron ore prices ate into the profit of its mining business, sending its shares down some 6 percent.