GO
Loading...

Profit Warnings

More

  • 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.

  • Nucor cuts 1Q profit outlook as steel imports climb Thursday, 19 Mar 2015 | 12:30 PM ET

    CHARLOTTE, N.C.— Nucor has lowered its first-quarter earnings forecast because a high level of steel imports is pushing prices down. Nucor Corp. previously said that expected earnings slightly above the 35 cents per share it reported a year earlier. Nucor said that it currently expects steel imports will slow in the second quarter, but that they will still be at "...

  • 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...

  • March 12- Intel Corp slashed nearly $1 billion from its first-quarter revenue forecast as small businesses put off upgrading their personal computers, sending the chipmaker's shares down more than 5 percent. Fewer companies than Intel had expected replaced desktop PCs running on outdated Microsoft operating systems, leading to weak demand for its chips.

  • March 12- Intel Corp slashed its revenue forecast for the first quarter by nearly $1 billion, citing lower-than-expected demand for business PCs and lower inventory levels across the PC supply chain. Intel said it expects first-quarter revenue of $12.8 billion, plus or minus $300 million. Intel said it cut its forecast as small and medium business owners did...

  • *Audi targets 2015 sales record, expects to outpace markets. INGOLSTADT, Germany, March 10- Audi's profit margins could fall again this year as it invests in its drive to overtake German rival BMW as the world's biggest seller of luxury cars, it said on Tuesday. The forecast highlights the cut-throat battle at the premium end of the auto market, where Audi has sold...

  • Feb 25- Canadian auto parts maker Magna International Inc cut its revenue forecast for 2015, hurt by weak demand from Europe. Demand for cars picked up in Europe last year after a six-year slump, boosted by incentive schemes from governments and carmakers. It lowered its forecast for production sales in Europe to $8.3 billion- $8.7 billion from $9.0 billion- $9.4...

  • Feb 20- Farm equipment maker Deere& Co posted a 43 percent fall in first-quarter profit and cut its full-year profit forecast as lower corn prices and weak farm income weighed on demand for agricultural machinery. The company also has operations in Canada, Brazil, China, France, Germany, India, Russia and South Africa among others. The United States and Canada...

  • Feb 19- Priceline Group Inc reported quarterly profit that beat Wall Street expectations on Thursday but forecast first-quarter revenue below estimates due largely to foreign exchange volatility. Priceline, the travel booking website, said fourth-quarter profit rose nearly 20 percent from the year-earlier period to about $452 million.

  • 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. ConAgra Foods, whose shares were down 5.2 percent in extended trading on Thursday, also cut its profit forecast for the year ending May citing a stronger dollar and weak sales in its...

  • 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 CEO: 2015 will match 2014

    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
    'Robust' results from Neste Oil's

    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.