SEOUL, April 24- South Korean steelmaker POSCO on Thursday cut forecast for sales and investment for this year after its first quarter profit missed estimates as China's slowing economy curbed demand for steel. POSCO cut its sales forecast for this year by around 2 percent to 30.3 trillion won from the previous 31 trillion won, it said in an earnings statement.» Read More
In the past two days, U.S. apparel retailers, American Eagle Outfitters and Urban Outfitters Inc have warned that results in the current quarter would be hurt by stiff competition and choppy sales trends at malls.
GENEVA, March 12- Global airlines expect to make $1 billion less profit this year than previously hoped, denting a U.S.-led recovery, as the Ukraine crisis pushes up the industry's fuel bills, the International Air Transport Association said on Wednesday.
*Says expects 1st- quarter earnings/share $0.00 vs est $0.13. March 11- Teen apparel retailer American Eagle Outfitters Inc forecast earnings for the current quarter that fell short of analysts' expectations, saying a severe winter had hurt demand.
*Cuts 2015 earnings/share forecast to $3.40- $3.70 vs $3.80- $4.00. *Estimates fourth-quarter adjusted earnings/share $0.75- $0.80 vs est $0.93. Woodlands, Texas- based Conn's operates 79 stores in Texas, Louisiana, Arizona, Oklahoma and New Mexico, catering mainly to lower income shoppers.
*Cuts 2015 earnings/share forecast to $3.40- $3.70 vs $3.80- $4.00. Conn's operates 79 stores in Texas, Louisiana, Arizona, Oklahoma and New Mexico. For the year ending Jan. 31, 2015, Conn's forecast earnings of $3.40- $3.70 per share, down from a range of $3.80- $4.00 issued in December.
Gavin Oldham, executive chairman of Share Centre, discusses growth in U.K. companies and their prospects.
*Cuts full-year profit forecast to $5.55- $5.60/ share vs est. Feb 14- J.M. Smucker Co forecast full-year results below analysts' estimates, citing increased competition in its peanut butter business and a shift in consumer preference away from artificially sweetened fruit spreads.
*Cuts full-year profit forecast to $5.55- $5.60/ share vs est. Feb 14- J.M. Smucker Co cut its full-year adjusted earnings forecast and said sales would likely fall more than it had expected due to lower selling prices for coffee and peanut butter. Smucker also cut its full-year adjusted earnings forecast to $5.55- $5.60 per share from $5.72- $5.82.
Feb 13- Canadian plane and train maker Bombardier Inc reported a lower-than-expected quarterly profit due to a fall in gross margin and forecast a slowdown in revenue growth at its rail unit this year. Bombardier reported net income of $97 million, or 5 cents per share, for the quarter ended Dec. 31.
*Forecasts first-quarter revenue $62 mln- $63 mln vs est $60.6 mln. Feb 12- Real estate website operator Zillow Inc warned that near-term profit would be hit due to higher advertising costs, sending its shares down 3 percent in after-hours trading.
Feb 12- Whole Foods Market Inc lowered its 2014 sales and profit forecast on Wednesday for the second time after first quarter revenue missed Wall Street expectations because of growing competition in the fresh and organic foods market.
Feb 11- Western Union Co said it expects the high compliance costs that hit its earnings in the fourth quarter to ease in 2014, helping to push up the company's shares after the bell. Western Union said in October that it did not expect earnings growth in 2014 due to higher compliance costs, which it pegged at 3.5-4.5 percent of revenue.
*Cuts FY adj earnings forecast to $2.22- $2.25/ share from $2.34- $2.38. *Expects third-quarter adj. earnings of about $0.60/ shr vs est $0.66.
Feb 11- ConAgra Foods Inc, which makes Chef Boyardee pastas and Slim Jim beef jerky, cut its full-year profit outlook citing weaker profits in its private label business and lower sales of certain key brands in its consumer foods division.
NEW DELHI, Feb 7- India on Friday cut its estimate of annual growth for the fiscal year to 4.9 percent from 5 percent because of a contraction in the manufacturing and mining sectors.
"Consumers are being hit by a perfect storm of events," said Craig Johnson, president of advisory firm Customer Growth Partners. Kohl's Corp on Thursday said sales in January were "significantly" lower than expected as shoppers stayed away, and the department store chain lowered its profit forecast.
Feb 5- 3 D Systems Corp slashed its profit estimate for 2013, reviving fears of a bubble in the 3 D printing industry and sending its shares down as much as 28 percent. 3 D Systems cut its 2013 adjusted profit estimate to 83- 87 cents per share from 93 cents- $1.03, citing higher spending on research, manufacturing and marketing.
Feb 5- 3 D Systems Corp estimated its 2013 adjusted profit below its forecast, hurt by softer demand for its printed parts and consumer printers, sending its shares tumbling 25 percent. The largest listed 3 D printer company estimated that it earned 83 to 87 cents per share on an adjusted basis in 2013..
Feb 5- 3 D Systems Corp estimated its fourth-quarter adjusted profit below its expectations, hurt by softer demand for printed parts and for its consumer printers, sending its shares tumbling 25 percent. The largest listed 3 D printer company now expects adjusted profit of 83 to 87 cents per share in the fourth quarter of fiscal 2013..
*Expects to meet FY guidance for profit of 500- 520 mln eur. DUBLIN, Feb 3- Ryanair reported strong forward bookings and an easing of intense price competition among European airlines on Monday, raising hopes it can quickly regain height with a new customer-friendly image after a profit warning spooked markets last year.