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Profit Warnings

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  • *Estimates Q3 adjusted profit of 16- 19 cents/ share. Oct 22- 3 D Systems Corp slashed its full-year revenue forecast that fell short of analysts' expectations as it struggles to capitalize on demand for 3 D metal printers due to manufacturing constraints. 3 D Systems, whose shares fell as much as 16.6 percent, has been investing heavily in increasing capacity at...

  • Oct 22- Data storage equipment maker EMC Corp cut its full-year profit and revenue forecast, hurt by lower bookings at its VMware Inc unit and a strong dollar. Shares of EMC, which is under pressure from activist investor Paul Singer's Elliott Management Corp to spin off VMware, fell as much as 4 percent in early trading. The unit, owned 80 percent by EMC, forecast...

  • Oct 22- Data storage equipment maker EMC Corp cut its full-year profit forecast as it joins other companies affected by a surge in dollar that crimps demand for U.S. exports and reduces the value of overseas sales when translated back into dollars. EMC's shares were down about 1 percent in premarket trading. EMC also cited the timing of its $3 billion share...

  • Thermo Fisher tops 3Q forecasts, adjusts outlook Wednesday, 22 Oct 2014 | 6:09 AM ET

    WALTHAM, Mass.— Thermo Fisher Scientific Inc. topped analyst expectations for the third quarter, but its stock slid Wednesday after the scientific instrument maker also lowered its 2014 revenue forecast below Wall Street expectations and tightened its earnings outlook. The Waltham, Massachusetts company said unfavorable currency exchange rates...

  • ASOS annual profit falls 14% on strong pound Tuesday, 21 Oct 2014 | 2:20 AM ET

    British online fashion retailer ASOS posted a 14 percent fall in annual profit after the strength of sterling hit sales growth.

  • *Portugal Telecom drops as Rioforte set for liquidation. *Nutreco, Adidas, Havas surge on M&A activity. EDINBURGH, Oct 20- European stocks fell on Monday, trimming gains made in the previous session, as a profit warning by SAP hit technology shares.

  • *Tech sector weaker with Gemalto also sliding. *Nutreco, Adidas, Havas surge on M&A activity. Dutch tech firm Gemalto fell 3.2 percent after Barclays cut the stock to underweight from overweight, joining SAP as a top faller on the STOXX 600 Technology index, which was down 2.8 percent.

  • *Nutreco, Adidas, Havas surge on M&A activity. The market's losses were limited, however, by brisk M&A activity, boosting the shares of Nutreco, Adidas and Havas. German sportswear firm Adidas AG surged 5.6 percent after the Wall Street Journal reported that an investor group, that includes Jynwel Capital and funds affiliated with the Abu Dhabi government, was...

  • LONDON, Oct 17- British engineer Rolls-Royce warned on Friday that deteriorating economic conditions meant its profit would not rise next year as previously forecast, sending its shares plunging as much as 16 percent. Wherever you look there were signs of economic slowdown such as the fall in oil and iron ore prices, an absence of growth in Europe and a slowdown...

  • SAN FRANCISCO, Oct 16- Struggling U.S. chipmaker Advanced Micro Devices Inc said on Thursday it was cutting 7 percent of its workforce and it gave a lower-than-expected revenue forecast for the current quarter, sending its shares lower. The company's third major round of job cuts since 2011 comes a week after AMD said Chief Executive Officer Rory Read had been...

  • Wal-Mart cuts full-year sales growth forecast Wednesday, 15 Oct 2014 | 3:44 PM ET

    Oct 15- Wal-Mart Stores Inc cut its full-year sales growth forecast, hurt by a stronger dollar and a bigger-than-expected impact from the cut in the government food stamp program last year. Shares of the world's largest retailer fell 3.3 percent to $75.39 in late afternoon trading on Wednesday. Chief Financial Officer Charles Holley, at a meeting with...

  • *Estimate for demand for OPEC crude cut by 200,000 bpd. *Saudi Arabia, Kuwait play down OPEC output cut possibility. The International Energy Agency said on Tuesday world oil demand growth would be much weaker than previously expected and raised questions about OPEC's willingness to rein in supplies, suggesting oil prices may drop further.

  • *Demand for OPEC crude oil down by 200,000 bpd. *Saudi Arabia, Kuwait play down OPEC output cut possibility. The International Energy Agency said on Tuesday world oil demand growth would be much weaker than previously expected and raised questions about OPEC's willingness to rein in supplies, suggesting oil prices may drop further.

  • *Demand for OPEC crude oil down by 200,000 bpd. *Saudi Arabia, Kuwait play down OPEC output cut possibility. Brent crude dropped $1.15 to $87.74, level with its intraday low on Monday which was its weakest point since December 2010, before recovering slightly to around $87.85 by 0910 GMT.

  • Analysts at Barclays slashed their full-year pretax profit forecast by 60 percent to 4 million pounds. "Moving the brand to higher pricing points had clearly taken its toll on sales with the group responding by reverting back to its roots," the Barclays analysts said in a note, adding they expected new bag launches to help the firm's second-half trade.

  • J.C. Penney's shares were down 11.8 percent at $8.10 in afternoon trading on the New York Stock Exchange on Wednesday. At its analyst day in New York, J.C. Penney Chief Executive Myron Ullman outlined plans to generate incremental sales of $2 billion between 2015 and 2017, by revamping high traffic areas of its stores. J.C. Penney, which carries an exclusive...

  • Oct 13- U.S. auto retailer Lithia Motors Inc cut its third-quarter profit forecast, hurt by lower margins and higher selling costs for used vehicles. Lithia shares fell 4.8 percent in premarket trading. The company said it now expects adjusted earnings from continuing operations of $1.30- $1.32 per share for the quarter ended Sept. 30, compared with its prior...

  • J.C. Penney's shares were down 11.8 percent at $8.10 in afternoon trading on the New York Stock Exchange on Wednesday. At its analyst day in New York, J.C. Penney Chief Executive Myron Ullman outlined plans to generate incremental sales of $2 billion between 2015 and 2017, by revamping high traffic areas of its stores. J.C. Penney, which is the only U.S. department...

  • J.C. Penney cuts Q3 same-store sales forecast Wednesday, 8 Oct 2014 | 12:17 PM ET

    Oct 8- Struggling retailer J.C. Penney Co Inc cut its current-quarter same-store sales forecast, citing lower sales in September, sending its shares down sharply. The department store chain said it expected low-single digit percentage growth in same-store sales in the third quarter. J.C. Penney's shares were down 10.6 percent at $8.22 in early afternoon...

  • *Palladium posts biggest growth in over 6 months. NEW YORK/ LONDON, Oct 7- Gold rose on Tuesday as its safe-haven appeal increased after the International Monetary Fund cut its global economic growth forecasts and weak German industrial data stoked further growth concerns. "Following yesterday's rally, traders are in a wait-and-see attitude now after the IMF...