Profit Warnings
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NEW YORK-- Israeli technology company Radware is lowering its first-quarter earnings and revenue forecasts due to weaker-than-expected sales in China and Europe, the Middle East and Africa. Radware Ltd. said that it now expects adjusted earnings of 30 cents per share, down from its prior guidance of 40 cents to 43 cents per share.
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NEW YORK-- F5 Networks Inc. said Thursday that its second-quarter net income and revenue will fall short of its expectations, primarily because of disappointing results from its North American business. The Seattle company's stock tumbled $13.77, or 15.2 percent, to $76.65 in after-hours trading.
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*Carrier cites less last-minute government travel. April 2- Delta Air Lines Inc on Tuesday curbed its growth forecast for a key revenue measure for the first quarter, saying March demand was hurt by lower last-minute travel from government clients in the wake of U.S. budget pressures.
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*Carrier cites lower last-minute bookings. *Shares fall nearly 8 pct. April 2- Delta Air Lines Inc on Tuesday cut its first-quarter forecast for a key revenue measure as March performance weakened from January and February, and its shares fell nearly 8 percent.
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The Englewood, Colo., company said Wednesday that it now expects adjusted earnings between $2.05 and $2.15 per share, on revenue in a range of $740 million to $760 million. CSG said that about 20 percent of its total revenue in 2012 came from Comcast. CSG said that the new contract with Comcast runs through Feb. 28, 2017, with an extension option.
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PORT LOUIS, March 26- Mauritius has cut its economic growth forecast slightly for 2013 to 3.5 percent, the Statistics office said on Tuesday, citing a deeper contraction in the construction industry.
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MILAN, March 24- The International Monetary Fund is planning to cut its U.S. growth forecast for this year due to higher taxes and spending cuts, Italian news agency ANSA said, citing a draft of the IMF's next World Economic Outlook report.
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MILAN, March 24- The International Monetary Fund is planning to cut its U.S. growth forecast for this year due to higher taxes and spending cuts, Italian news agency ANSA said, citing a draft of the IMF's next World Economic Outlook report.
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Stacey Widlitz, president of S.W. Retail Advisors and CNBC Contributor, reminds CNBC ahead the release of earnings that Tiffany's has warned of lower profits over the last four quarters and is currently going through a huge deceleration due to a tough competitive market and mismanagement of guidance.
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The FTSE Small Caps index close down 0.5 percent, compared to falls of 0.7 percent on the blue-chip FTSE 100 0.4 percent on the FTSE 250 mid-cap index. E-commerce and consumer technology company Expansys slumps 35 percent after the company issues a profit warning, stating that trading in the second-half of the year has been below its expectations.
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VIENNA, March 21- Austria's Immofinanz said it was bidding for three property portolios in Germany, where it is beefing up its assets in preparation for a listing of its Buwog unit. A delay of the project was a factor in a profit warning Immofinanz gave in December.
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*Sees FY 2013 revenue $1.75 bln- $1.8 bln vs $1.8 bln- $1.9 bln earlier. *Sees FY 2013 earnings/share $1.10- $1.30 vs $1.40- $1.60 earlier. Scholastic said on Thursday that it now expects revenue of $1.75 billion to $1.80 billion for the year ending May and earnings of $1.10 to $1.30 per share, excluding items, from continuing operations.
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*Expects FY 2013 earnings/share $1.10- $1.30 vs $1.40- $1.60 earlier. The company said it now expects revenue of $1.75 billion to $1.80 billion for the year ending May and earnings of $1.10 to $1.30 per share, excluding items, from continuing operations.
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*FedEx to step-up cost-cutting, reduce international capacity. March 20- FedEx Corp cut its full-year forecast after a worse-than-expected third-quarter profit as customers shift from air express to slower but cheaper modes of shipping.
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*HSBC sees gold prices at average $1,700/ oz in 2013. LONDON, March 18- HSBC cut its gold forecast for this year and next on Monday after the metal's weak start to the year, but said ultra-loose monetary policy in the United States and elsewhere meant it remains positive on prices overall.
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*Cuts earnings forecast to $1.80- $2.10/ shr vs $2.20- $2.40. March 15- Carnival Corp, the world's largest cruise operator, swung to a quarterly profit on Friday but posted lower revenue per cabin and cut its profit and revenue forecast for the year, citing weakness in Europe and pricing promotions.
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March 15- Carnival Corp, the world's largest cruise operator, on Friday reported a quarterly profit but posted a drop in the revenue each cabin generates and lowered its revenue forecast for the year, citing weakness in Europe and pricing promotions.
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*Trims earnings forecast to $1.80- $2.10/ shr vs $2.20- $2.40. March 15- Cruise operator Carnival Corp, grappling with a series of recent headline-grabbing mishaps involving its ships, said on Friday it returned to profitability in the latest quarter but cut its revenue and profit forecast for the year.
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WASHINGTON, March 14- Mortgage giant Fannie Mae. Fannie Mae said it needs more time to analyze its deferred tax assets, which are unused credits and deductions that can be used to cover future tax bills, in the SEC filing it submitted on Thursday.
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SOFIA, March 13- Bulgaria's interim finance minister cut the forecast for 2013 economic growth on Wednesday, underlining the vulnerable position of the EU poorest country, which has been rocked by protests against low living standards.