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Profit Warnings

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  • 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...

  • 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.

  • 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.

  • 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...

  • 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.

  • 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...

  • 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...