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Profit Warnings

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  • Adidas sets new margin target after profit warning Thursday, 7 Aug 2014 | 1:52 AM ET

    BERLIN, Aug 7- Adidas, the world's second-biggest sportswear firm, cut its margin targets for 2014 on Thursday, a week after it issued a profit warning, blaming poor performance at its golf business and volatile emerging market currencies.

  • Aug 5- First Solar Inc, the biggest solar panel maker in the United States, reported a lower-than-expected quarterly profit, sending its shares down 5 percent in extended trade.

  • Aug 5- Target Corp cut its second-quarter profit estimate as it resorts to price cuts to attract cash-strapped consumers and win back customers unnerved by a huge holiday-season data breach. Sales at U.S. mass merchandisers such as Target and Wal-Mart Stores Inc have been hit as consumers struggling with stagnant wages and higher taxes cut back on spending.

  • *Costs for new initiatives in U.S., Spain hit margins. MILAN, Aug 5- Italian drinks group Campari cut its full-year profit margin forecast on Tuesday, blaming the cost of its expansion plans in the United States and Spain and overshadowing a pick up in underlying sales in the second quarter.

  • UPDATE 1-Time Inc cuts full-year revenue forecast Tuesday, 5 Aug 2014 | 7:29 AM ET

    Aug 5- Time Inc, the largest magazine publisher in the United States, reported a fall in quarterly revenue, hurt by a decline in subscription revenue and newsstand sales, and cut its full-year revenue forecast.

  • FRANKFURT, Aug 4- German industrial services and construction group Bilfinger SE said Chief Executive Roland Koch would quit, taking responsibility for a second cut in its 2014 earnings outlook since end-June.

  • *Cuts outlook to more than $7 bln from about $8 bln before. *Iron ore price assumption cut to $105/ tonne from $120. BRUSSELS, Aug 1- ArcelorMittal SA, the world's largest steelmaker, cut its forecast for earnings this year after lower than anticipated iron ore prices ate into the profit of its mining business, sending its shares down some 6 percent.

  • *Expects Q3 revenue of $25 mln- $28 mln vs $41.3 mln. Expects adj loss $0.37- $0.43/ shr vs est loss of $0.05. July 31- Audio chip maker Audience Inc forecast current-quarter results largely below analysts' estimates after its biggest customer, Samsung Electronics Co Ltd, warned of increasing competition and weak earnings.

  • July 31- Kellogg Co, the world's largest maker of breakfast cereal, cut its full-year adjusted sales and profit forecasts as demand for its Corn Flakes and Special K cereals continued to wane in the United States, its biggest market.

  • July 31- Kellogg Co, the world's largest maker of breakfast cereal, reported its fifth straight decline in quarterly U.S. cereal sales and said it no longer expects full-year internal sales to rise. The company cut its adjusted earnings forecast for the year ending December to between $3.81 and $3.89 per share from between $3.89 and $3.97.

  • BERLIN, July 31- Adidas, the world's second-biggest sportswear firm, cut its revenue and profit targets for this year and scrapped them for next, blaming a plunge in sales at its golf business and its exposure to a weak Russian market.

  • *2nd- qtr profit of $1.21/ share vs est $1.25/ share. July 29- United Parcel Service Inc, the world's biggest courier company, slashed its earnings forecast for the year as it spends to boost capacity ahead of the busy holiday shopping season.

  • July 29- U.S. manufacturer Eaton Corp lowered the top end of its full-year profit forecast on Tuesday due to weaker margins in its electrical systems business, sending its shares down more than 3 percent. Eaton now expects 2014 earnings in a range of $4.50 to $4.70 per share, lowering the top end from $4.90.

  • *Third-quarter profit $2.17/ Class A share vs est. July 24- Visa Inc, the world's largest credit and debit card company, cut its revenue forecast for the year, as growth in cross-border transactions slowed amid a strengthening of the U.S. dollar.

  • Dunkin' misses estimate, but CEO sees silver lining Thursday, 24 Jul 2014 | 4:36 PM ET
    A customer enters a Dunkin' Donuts store in midtown Manhattan in New York.

    Dunkin' Brands reported weaker-than-expected U.S. quarterly same-restaurant sales due in part to a cold and rainy start to the spring season.

  • UPDATE 3-Dunkin' Brands cuts 2014 forecast; shares fall Thursday, 24 Jul 2014 | 11:32 AM ET

    July 24- Dunkin' Brands Group Inc cut its 2014 outlook on Thursday as its U.S. doughnut shops battled fast-food rivals like McDonald's Corp and high milk prices softened profits from its international Baskin-Robbins ice cream business. The company also cited weakness in its Baskin-Robbins joint venture in Japan for the reduction in its 2014 forecast.

  • July 24- Dunkin' Brands Group Inc cut its full-year forecasts on Thursday, as its U.S. Dunkin' Donuts shops battled fierce competition from fast-food rivals like McDonald's Corp and as high milk prices softened profits from its international Baskin-Robbins ice cream business.

  • July 24- Dunkin' Brands Group Inc reported weaker-than-expected U.S. quarterly same-restaurant sales due in part to a cold and rainy start to the spring season, and cut its full-year adjusted profit and sales forecasts.

  • July 23- Tupperware Brands Corp, known for its colorful food containers, cut its full-year sales and profit forecast, citing lower sales in Europe. The company, whose shares fell as much as 11 percent, also reported lower-than-expected sales for the second quarter ended June 28 due to poor demand in Germany.

  • WASHINGTON, July 23- The International Monetary Fund on Wednesday said it expects the U.S. economy to grow 1.7 percent in 2014, even more slowly than it predicted a month ago, as weakness in the first quarter offsets an expected pick-up in the second half of the year.