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Profit Warnings

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  • Dec 18- Dunkin' Brands Group Inc cut its 2015 forecast for same-store sales growth in the United States and operating income growth, citing slowing sales of packaged coffee in its restaurants. The company forecast adjusted earnings of $1.75- $1.76 per share. Analysts on average were expecting earnings of $2.02, according to Thomson Reuters I/B/E/S.

  • Dec 12- BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, cut its full-year earnings and revenue forecast, saying it expected a weak rouble to hit sales in Russia. The Canadian company, which manufactures in Europe and counts Russia as one of its biggest markets, also reported a lower-than-expected third-quarter profit. BRP, spun off from...

  • Dec 12- Canada's BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercrafts, reported a 23 percent fall in quarterly profit and cut its full-year earnings and revenue forecast, citing the weak Russian ruble. The company's net profit fell to C $37.2 million ( $32.17 million in the third quarter ended Oct. 31 from C $48.2 million a year earlier.

  • WELLINGTON, Dec 12- New Zealand's Fonterra dairy co-operative on Friday cut its supply forecast for the current season, citing the risk that a lower price paid to farmers for milk may impact volumes in the coming months. The world's largest dairy co-operative said it expected to collect 1.584 billion kilograms of milk solids from its farmer shareholders...

  • NZ's Fonterra cuts supply forecast due to lower prices Thursday, 11 Dec 2014 | 8:35 PM ET

    WELLINGTON, Dec 12- New Zealand's Fonterra dairy co-operative on Friday cut its supply forecast for the current season, citing the risk that a lower price paid to farmers for milk may impact volumes in the coming months. The world's largest dairy co-operative said it expected to collect 1.584 billion kilograms of milk solids from its farmer shareholders...

  • Dec 11- Delta Air Lines said it expects fuel costs at current market prices to benefit 2015 profit by $1.7 billion.

  • *Airbus sees flat profit in 2016 vs expectations for growth. *Airbus shares close down 10 percent. BERLIN/ GENEVA, Dec 10- Airbus shares slid 10.4 percent on Wednesday, their worst drubbing in more than six years, after the planemaker predicted flat profits in 2016, surprising investors who had expected new and recently upgraded models to start boosting results...

  • UPDATE 2-Airbus shares slump after 2016 profit warning Wednesday, 10 Dec 2014 | 12:44 PM ET

    *Airbus sees flat profit in 2016 vs expectations for growth. *Airbus shares close down 10 percent. BERLIN/ GENEVA, Dec 10- Shares in Airbus suffered their worst drubbing in more than six years on Wednesday after the planemaker predicted flat profits in 2016, a year in which investors had expected it to start feeling the benefit of new and recently upgraded models.

  • LONDON, Dec 10- Global demand for OPEC crude in 2015 is expected to fall to the lowest level in more than a decade and far below current output, the group said on Wednesday, pointing to a hefty supply surplus without OPEC output cuts or a slowdown in the U.S. shale boom. The report follows OPEC's decision last month not to try and prop up prices by cutting output.

  • Yum Brands lowers forecast on slow China recovery Wednesday, 10 Dec 2014 | 8:13 AM ET
    Doritos Locos tacos and a fountain drink from Taco Bell

    Yum Brands lowered its profit forecast for 2014, hurt by slower-than-expected sales recovery in China, following a food safety scare in July.

  • LONDON, Dec 10- Global demand for oil from OPEC next year will be less than expected because of weaker growth in consumption and the U.S. shale boom, the group said on Wednesday, pointing to an increasing supply surplus in 2015.. In a monthly report, the Organization of the Petroleum Exporting Countries forecast demand for the group's oil will drop to 28.92 million...

  • Dec 9- Yum Brands Inc lowered its profit forecast for the year for the second time, hurt by slower-than-expected sales recovery in China following a food safety scare in July. A television report early July showing improper meat handling by supplier Shanghai Husi Food scared away customers in China, Yum's biggest market by sales. U.S.-based fast-food chains...

  • Dec 9- Yum Brands Inc lowered its. profit forecast for 2014, hurt by slower-than-expected sales recovery in China, following a food safety scare in July. A television report in early July showed improper meat handling by a supplier, Shanghai Husi Food, scared away customers in China, Yum's biggest market by sales.

  • NEW YORK, Dec 9- The U.S. government on Tuesday cut its forecast for domestic oil production growth in 2015 by about 100,000 barrels per day and trimmed its forecast for global oil demand growth next year by 240,000 bpd. The U.S. Energy Information Administration now expects U.S. production next year to rise by 720,000 bpd to around 9.3 million bpd, according to its...

  • OIL PRODUCTION FORECAST FOR 2015 BY 100,000 BPD TO 9.3 MILLION BPD.

  • *Says 2014-15 trading profit will not exceed 1.4 bln stg. *Analysts had expected profit of around 1.9 bln stg. LONDON, Dec 9- Tesco slashed its profit forecasts for the fourth time in five months as its new boss took costly measures to rebuild the British grocer after its recent accounting scandal and dramatic loss of customers in an increasingly cut-throat market.

  • No more shenanigans from Tesco?  Tuesday, 9 Dec 2014 | 11:15 AM ET

    Tesco has issued another profit warning, but CEO Dave Lewis says he is "quietly optimistic". Bruno Monteyne, an analyst at Bernstein, discusses.

  • *Says 2014-15 trading profit will not exceed 1.4 bln stg. LONDON, Dec 9- Tesco cut profit expectations for the fourth time in five months on Tuesday as the cost of rebuilding after an accounting scandal and a dramatic loss of market share increased pressure on the British grocer and its new boss. Chief Executive Dave Lewis, who joined to rescue Britain's largest...

  • Tesco shares dive after full-year profit warning Tuesday, 9 Dec 2014 | 7:33 AM ET

    LONDON— Tesco shares plunged 16 percent Tuesday after the supermarket giant warned that its full-year profits will be significantly below market expectations as it invests in overhauling its business. New Chief Executive Dave Lewis said the expected shortfall is the result of steps being taken to improve the company in the wake of an accounting scandal.

  • Tesco issues another profit warning  Monday, 8 Dec 2014 | 7:00 PM ET

    Tesco's woeful year continued on Tuesday after the U.K. supermarket issued another profit warning saying that it did not expect full year profit to exceed £1.4 billion ($2.2 billion).