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Profit Warnings

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  • 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.

  • 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.

  • 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.

  • LATHAM, N.Y.— Shares of AngioDynamics Inc. sank in extended trading Thursday after the medical device maker posted disappointing results in the fiscal third quarter and lowered its expectations for the year. AngioDynamics stock dropped $1.25, or 6.9 percent, to $17 in after-hours trading. AngioDynamics said it expects to report a profit of 57 to 60 cents per...

  • 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.

  • Electrolux issues profit warning for North America unit Wednesday, 8 Apr 2015 | 9:47 AM ET

    STOCKHOLM— Home appliance maker Electrolux has issued a profit warning for its North American division, saying its first-quarter results will be worse than anticipated. The Swedish company said Wednesday that its Major Appliances North America unit would post a loss in the quarter. The company announced last year it was buying the appliance business of...

  • 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...

  • March 19- Nike Inc's quarterly profit beat market estimates as the world's largest sportswear maker sold more higher margin shoes and apparel, but the company warned Wall Street that the stronger dollar would take a toll on its current quarter. Orders for shoes and apparel scheduled for delivery from March through July 2015 at the end of the third quarter, a...

  • PARIS, March 19- Zodiac Aerospace issued a profit warning on Thursday after a rise in costs as it tries to stem delays in seat production that have strained relations with planemakers Airbus and Boeing. On Wednesday, industry sources said Airbus and Boeing had stepped up pressure on Zodiac over persistent delays in the delivery of aircraft seats.

  • March 19- Nucor Corp, the No.1 U.S. steelmaker, cut its profit forecast for the first quarter, saying higher imports were hurting steel prices. Nucor expects imports to slow down in the second quarter, but remain at "excessively high levels", the company said on Thursday. Nucor estimated earnings of 10- 15 cents per share for the first quarter ending April 4.

  • U.S. steelmaker Nucor cuts profit forecast Thursday, 19 Mar 2015 | 9:23 AM ET

    March 19- U.S. steelmaker Nucor Corp cut its first-quarter profit forecast, hurt by a fall in steel prices due to higher imports. Nucor estimated on Thursday earnings of 10- 15 cents per share for the quarter ending April 4. The company had earlier said it expected profit to be above 35 cents per share earned a year earlier.

  • NEW YORK, March 18- The dollar tumbled across the board on Wednesday after the Federal Reserve signaled an interest rate increase as early as June but slashed interest-rate projections over the next few years and downgraded its outlook for the U.S. economy. As expected, the U.S. Central Bank dropped the word "patient" from its statement in terms of raising interest...

  • MOSCOW, March 13- Russia's second-biggest bank, VTB, expects significant losses this year if crippling central bank interest rates are not lowered, a senior bank official said on Friday. State-controlled VTB, along with larger rival Sberbank, is under Western sanctions imposed over Moscow's role in the Ukraine conflict. Russia's central bank cut its main...