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Profit Warnings

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  • Jan 30- Xerox Corp, which has been shifting its focus to IT services from making printers and copiers, cut its profit forecast for 2015 for the second time after reporting its sixth-consecutive drop in quarterly revenue. The forecast cut reflected a 5 cent per share impact from currency rate fluctuations, specifically the weakening of the euro, said Xerox, which...

  • Jan 30- Eli Lilly and Co cut its 2015 revenue forecast, issued earlier this month, as the U.S. drugmaker expects a bigger hit from a stronger dollar. Large U.S. healthcare companies such as Johnson& Johnson, Pfizer Inc and Bristol-Myers Squibb Co have in the past weeks issued 2015 earnings forecasts below Wall Street expectations, citing the stronger dollar.

  • TOKYO, Jan 30- Japan's Honda Motor Co on Friday cut its annual operating profit forecast by 6.5 percent as it set aside more cash to cover an expanded recall of cars to replace potentially faulty air bags made by supplier Takata Corp. Honda also said it now expects to sell a total of 4.45 million cars this fiscal year, down from the 4.62 million it previously forecast,...

  • Jan 29- Outdoor footwear and apparel manufacturer and retailer Deckers Outdoor Corp cut its full-year forecast as demand for its UGG Australia branded sheepskin shoes slows in the United States. Deckers said it now expected a full-year profit of $4.58 per share, representing 12.6 percent year-on-year growth, and revenue of $1.8 billion.

  • WELLINGTON, Jan 29- New Zealand's Fonterra dairy co-operative on Thursday cut its forecast on the amount of milk it will get from suppliers this season as dry weather in the world's largest dairy exporting country hits output. Farmers have also been reining in milk production after a flood of supply from Europe and the United States pummeled prices, stoking...

  • Nintendo says slack console sales to hit profit Wednesday, 28 Jan 2015 | 12:15 PM ET

    Nintendo issued a profit warning, even as it sells fewer consoles, the sharp weakening of the yen means overseas sales will inflate its net income.

  • Jan 28- Rockwell Automation Inc, which makes automation systems that help factories run smoothly, lowered its 2015 revenue and profit forecast, anticipating the impact of a stronger dollar and lower oil prices. Rockwell, which received almost half of its revenue from outside the United States in the previous financial year, cut its full-year revenue forecast...

  • TOKYO/ OSAKA, Jan 28- Japanese video game maker Nintendo Co on Wednesday issued a profit warning with a silver lining- even as it sells fewer consoles, the sharp weakening of the yen means overseas sales will inflate its net income this fiscal year. While operating profit still grew nearly 50 percent in October-December from a year earlier, the third quarter is...

  • United Tech cuts 2015 forecasts on currency worries Tuesday, 27 Jan 2015 | 12:24 PM ET
    United Technologies

    United Technologies cut its full-year outlook because of the negative impact of a stronger dollar as the U.S. conglomerate reported higher earnings.

  • Jan 26- United Technologies Corp on Monday cut its full-year outlook because of the negative impact of a stronger dollar even as the U.S. conglomerate reported higher quarterly earnings on a rise in profit at its aerospace businesses. United Technologies said fourth-quarter net income rose 0.7 percent to $1.47 billion from the same period a year ago.

  • *Kuroda admits Japan may not see 2 pct inflation until FY2016. TOKYO, Jan 21- Two years into so-called Abenomics- a mix of aggressive monetary and fiscal policy plus structural reform- the Bank of Japan is struggling to reach an ambitious inflation target and convince Japanese that years of deflation are in the past. "Looking at wage negotiations and inflation...

  • TOKYO, Jan 21- The Bank of Japan cut next fiscal year's inflation forecast on Wednesday and expanded a loan scheme aimed at boosting lending, hoping to deflect criticism it is sitting idly by as a slump in oil prices pushes inflation further away from its target. Markets are focusing on how Governor Haruhiko Kuroda, at his post-meeting briefing at 3:30 p.m., will...

  • BOJ maintains stimulus, cuts inflation forecast Tuesday, 20 Jan 2015 | 10:43 PM ET

    TOKYO, Jan 21- The Bank of Japan maintained its massive monetary stimulus on Wednesday and expanded a loan program aimed at encouraging banks to boost lending, signaling its resolve to achieve its ambitious 2 percent inflation target. It increased the size of one of the programs by 3 trillion yen, to 10 trillion yen. BOJ Governor Haruhiko Kuroda will hold a news...

  • The agency revised down its iron ore price forecast to $65 per tonne for 2015 and 2016, from $85 per tonne. It cut its copper price forecast to $2.70 per pound in 2015 and 2016, from $3.10, it said in a release. Iron ore for immediate delivery to China's Tianjin port traded at $67.40 on Tuesday.

  • *Iran says oil selloff could hit $25 without OPEC action. NEW YORK, Jan 20- Oil fell as much as 5 percent on Tuesday after the International Monetary Fund cut its 2015 global economic forecast on lower fuel demand and key producer Iran hinted prices could drop to $25 a barrel without supportive OPEC action. "Because we have record oil production now, the falling rig...

  • *China economy grew 7.4 percent in 2014, weakest in 24 years. London, Jan 20- Brent crude oil prices fell towards $48 a barrel on Tuesday after the International Monetary Fund cut its forecast for global economic growth in 2015 implying lower demand for fuel. BNP Paribas analyst Harry Tchilinguirian said the IMF forecast cut was widely expected.

  • *Oil lower again; Halliburton rises after results. *FXCM shares plummet 90 percent, details loan agreement. NEW YORK, Jan 20- U.S. stock index futures pointed to a higher open on Tuesday as lower growth forecasts from the International Monetary Fund spurred hopes that central banks would take more aggressive policy stances to accelerate economic improvement.

  • *China economy grew 7.4 percent in 2014, weakest in 24 years. London, Jan 20- Brent crude oil prices steadied around $49 a barrel on Tuesday after the International Monetary Fund cut its forecast for global economic growth in 2015 implying lower demand for fuel. BNP Paribas analyst Harry Tchilinguirian said the IMF forecast cut was widely expected.

  • UPDATE 6-Oil below $49 after IMF cuts growth forecast Tuesday, 20 Jan 2015 | 5:58 AM ET

    *China economy grew 7.4 percent in 2014, weakest in 24 years. London, Jan 20- Brent crude oil prices steadied below $49 a barrel on Tuesday after the International Monetary Fund cut its forecast for global economic growth in 2015 implying lower demand for fuel. Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries have said they...

  • *China economy grew 7.4 percent in 2014, weakest in 24 years. London, Jan 20- Brent crude oil prices fell towards $48 a barrel on Tuesday after the International Monetary Fund cut its forecast for global economic growth in 2015 implying lower demand for fuel. Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries have said they...