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Profit Warnings

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  • Feb 12- ConAgra Foods Inc, the maker of Slim Jim beef jerky and Chef Boyardee pasta, appointed former Hillshire Brands Co Chief Executive Sean Connolly its CEO, replacing Gary Rodkin. Connolly, who will take over on April 6, was the president and chief executive of Hillshire Brands before it was sold to Tyson Foods Inc in August. The company said it now expected 2015...

  • Renault CEO: 2015 will match 2014  Thursday, 12 Feb 2015 | 11:20 AM ET

    Renault has reported a sharp rise in 2014, in terms of its profits. Carlos Ghosn, CEO of Renault, talks about 2015's predictions and its market in Russia and Brazil.

  • Feb 5- Diesel engine maker Cummins Inc cut its full-year revenue forecast, citing weak demand in international markets and a strong dollar, sending its shares down about 3.6 percent in premarket trade on Thursday. The company, which gets more than half its revenue from outside the United States, said it now expected full-year revenue of $19.61 billion to $20...

  • Feb 5- Estee Lauder Cos Inc said full-year sales would fall more than it had forecast, hurt by a stronger dollar and slowing growth in Hong Kong and China. The maker of M.A.C., Bobbi Brown and Estee Lauder cosmetics, said it now expected adjusted earnings of $2.93- $3.01 per share on net sales decline of up to 2 percent for the year ending June 30. Estee Lauder received...

  • Feb 4- Luxury fashion house Ralph Lauren Corp cut its full-year revenue growth forecast for the second time in less than four months, blaming a strong dollar and weak consumer spending. Ralph Lauren, whose brands include Polo Ralph Lauren, Club Monaco, American Living and Chaps, said it expected revenue to grow at about 4 percent on a constant currency basis in the...

  • 'Robust' results from Neste Oil's  Wednesday, 4 Feb 2015 | 4:10 AM ET

    Matti Lievonen, CEO of Neste Oil, says the company is pleased with its fourth-quarter results, which demonstrate its objective to stay strong and "robust."

  • Honda cuts profit guidance as recall costs bite Friday, 30 Jan 2015 | 12:31 PM ET
    A sign is shown over the O'Hare Honda car dealership in Des Plaines, Ill.

    Honda cut its annual profit forecast as it set aside more cash to cover an expanded recall of cars to replace potentially faulty air bags.

  • Jan 30- Xerox Corp, which has been shifting its focus to IT services from making printers and copiers, cut its profit forecast for 2015 for the second time after reporting its sixth-consecutive drop in quarterly revenue. The forecast cut reflected a 5 cent per share impact from currency rate fluctuations, specifically the weakening of the euro, said Xerox, which...

  • Jan 30- Eli Lilly and Co cut its 2015 revenue forecast, issued earlier this month, as the U.S. drugmaker expects a bigger hit from a stronger dollar. Large U.S. healthcare companies such as Johnson& Johnson, Pfizer Inc and Bristol-Myers Squibb Co have in the past weeks issued 2015 earnings forecasts below Wall Street expectations, citing the stronger dollar.

  • TOKYO, Jan 30- Japan's Honda Motor Co on Friday cut its annual operating profit forecast by 6.5 percent as it set aside more cash to cover an expanded recall of cars to replace potentially faulty air bags made by supplier Takata Corp. Honda also said it now expects to sell a total of 4.45 million cars this fiscal year, down from the 4.62 million it previously forecast,...

  • Jan 29- Outdoor footwear and apparel manufacturer and retailer Deckers Outdoor Corp cut its full-year forecast as demand for its UGG Australia branded sheepskin shoes slows in the United States. Deckers said it now expected a full-year profit of $4.58 per share, representing 12.6 percent year-on-year growth, and revenue of $1.8 billion.

  • WELLINGTON, Jan 29- New Zealand's Fonterra dairy co-operative on Thursday cut its forecast on the amount of milk it will get from suppliers this season as dry weather in the world's largest dairy exporting country hits output. Farmers have also been reining in milk production after a flood of supply from Europe and the United States pummeled prices, stoking...

  • Nintendo says slack console sales to hit profit Wednesday, 28 Jan 2015 | 12:15 PM ET

    Nintendo issued a profit warning, even as it sells fewer consoles, the sharp weakening of the yen means overseas sales will inflate its net income.

  • Jan 28- Rockwell Automation Inc, which makes automation systems that help factories run smoothly, lowered its 2015 revenue and profit forecast, anticipating the impact of a stronger dollar and lower oil prices. Rockwell, which received almost half of its revenue from outside the United States in the previous financial year, cut its full-year revenue forecast...

  • TOKYO/ OSAKA, Jan 28- Japanese video game maker Nintendo Co on Wednesday issued a profit warning with a silver lining- even as it sells fewer consoles, the sharp weakening of the yen means overseas sales will inflate its net income this fiscal year. While operating profit still grew nearly 50 percent in October-December from a year earlier, the third quarter is...

  • United Tech cuts 2015 forecasts on currency worries Tuesday, 27 Jan 2015 | 12:24 PM ET
    United Technologies

    United Technologies cut its full-year outlook because of the negative impact of a stronger dollar as the U.S. conglomerate reported higher earnings.

  • Jan 26- United Technologies Corp on Monday cut its full-year outlook because of the negative impact of a stronger dollar even as the U.S. conglomerate reported higher quarterly earnings on a rise in profit at its aerospace businesses. United Technologies said fourth-quarter net income rose 0.7 percent to $1.47 billion from the same period a year ago.

  • *Kuroda admits Japan may not see 2 pct inflation until FY2016. TOKYO, Jan 21- Two years into so-called Abenomics- a mix of aggressive monetary and fiscal policy plus structural reform- the Bank of Japan is struggling to reach an ambitious inflation target and convince Japanese that years of deflation are in the past. "Looking at wage negotiations and inflation...

  • TOKYO, Jan 21- The Bank of Japan cut next fiscal year's inflation forecast on Wednesday and expanded a loan scheme aimed at boosting lending, hoping to deflect criticism it is sitting idly by as a slump in oil prices pushes inflation further away from its target. Markets are focusing on how Governor Haruhiko Kuroda, at his post-meeting briefing at 3:30 p.m., will...

  • BOJ maintains stimulus, cuts inflation forecast Tuesday, 20 Jan 2015 | 10:43 PM ET

    TOKYO, Jan 21- The Bank of Japan maintained its massive monetary stimulus on Wednesday and expanded a loan program aimed at encouraging banks to boost lending, signaling its resolve to achieve its ambitious 2 percent inflation target. It increased the size of one of the programs by 3 trillion yen, to 10 trillion yen. BOJ Governor Haruhiko Kuroda will hold a news...