Profit Warnings
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Feb 21- Shares of credit card swipe machine maker VeriFone Systems Inc nearly halved in value after the company warned that a wave of problems including delayed orders would slash its quarterly profit and that it faced more weakness ahead.
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SAO PAULO, Feb 21- Gerdau SA cut its five-year investment plan by 17 percent, as the world's No. 2 maker of steel for builders faces global economic uncertainty and slumping profits.
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SAO PAULO, Feb 21- Gerdau SA cut its five-year investment plan by 17 percent, as the world's No. 2 maker of steel for builders faces global economic uncertainty and slumping profits. "Considering the uncertainties clouding the global economic scenario, Gerdau is now turning more selective on the evaluation of future capital expenditure plans," it said.
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Feb 12- Goodyear Tire& Rubber Co, the top U.S. tire maker, on Tuesday posted a stronger-than-expected quarterly profit, but cut its 2013 forecast due to weakness in the European automotive market. Excluding one-time items, Goodyear earned 39 cents a share, almost double the 20 cents analysts polled by Thomson Reuters I/B/E/S had expected.
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Feb 6- Cummins Inc posted a 30.5 percent drop in profit that was less steep than Wall Street had feared and warned that sales could fall as much as 5 percent this year as it copes with falling demand for its heavy truck engines.
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*China restaurant sales down sharply. *Company warns of further China sales declines. Feb 4- KFC parent Yum Brands Inc warned on Monday that it expects 2013 earnings to shrink rather than grow as it struggles to manage a food safety scare in China, and sees no return to growth in restaurant sales there until the fourth quarter.
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*Sees 2013 adjusted EPS $5.32- $5.46, revs $12.8- $13.0 bln. His belief was bolstered by a conversation on Wednesday with Francis Collins, the head of the National Institutes of Health, and by meetings with Republican members of Congress last week.
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*Facebook, Apple bulk orders shift by two quarters. Jan 30- Fusion-io Inc slashed its fiscal 2013 revenue forecast as key customers Facebook Inc and Apple Inc delayed orders, sending the storage drive maker's shares down 21 percent after the bell.
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*Earnings worries hit Saipem, Imperial Tobacco, Antofagasta. LONDON, Jan 30- European shares fell from two-year highs on Wednesday, dragged lower by concerns over earnings in the tobacco and oil services sectors, including a profit warning from Italy's Saipem.
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*Komatsu cuts annual operating profit forecast by 12 pct. TOKYO, Jan 29- Japan's Komatsu Ltd, the world's second-biggest maker of construction machinery, cut its annual profit for a second time as demand for mining equipment in Indonesia tumbled on the back of steep declines in thermal coal prices.
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POSCO, the world's No.5 steelmaker by output, reported a 51 percent slump in quarterly operating profit as tepid demand and falling prices offset lower raw material costs helped by a firmer local currency.
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Keith McGregor, head of restructuring at Ernst and Young, tells CNBC that the retail sector is omitted from the survey because they successfully reset market expectations to expect lower earnings.
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HONG KONG, Jan 21- Hong Kong shares slipped from a 19-1/ 2 month high on Monday, with China's second-largest telecommunication equipment maker ZTE Corp weaker after a profit warning. The China Enterprises Index of the top Chinese listings in Hong Kong ended up 0.2 percent.
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HONG KONG, Jan 14- Hong Kong shares ended higher on Monday, with financials and property stocks leading gains, although global exporter Li& Fung Ltd tumbled 15 percent after a profit warning. Hong Kong markets were also buoyed by a rise in China shares to their best close since June.
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HONG KONG, Jan 14- Hong Kong shares are set to start higher on Monday, although global exporter Li& Fung Ltd fell 15.3 percent after it issued a profit warning, triggering concern over earnings prospects for corporates with high exposure to foreign markets.
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Dec 13- MetLife Inc warned that 2013 earnings might be well below Wall Street expectations and said it did not expect to buy back any shares next year, a blow to investors who have been waiting more than a year for a capital return.
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MANILA, Dec 13- The Philippine central bank kept its benchmark interest rate unchanged at a record low on Thursday, saying the economy needed less support with strong domestic demand seen extending into next year, but it saw risks from strong capital inflows.
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Nov 29- Tiffany& Co lowered its fiscal-year sales and profit forecast for the third straight quarter after weak quarterly sales of its high-margin but inexpensive silver jewelry and a drop in quarterly same-store sales in its key Asia market.
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Nov 29- Tiffany& Co lowered its fiscal-year sales and profit forecast for the third straight quarter and reported lower-than-expected revenue and earnings after a drop in same-store sales in its key Asia market.
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Nov 29- Tiffany& Co lowered its fiscal-year sales and profit forecast for the third straight quarter on Thursday as it reported lower-than-expected revenue and earnings, hit by a drop in same-store sales in Asia and disappointing sales of silver jewelry. It projected a full-year profit of $3.20 to $3.40 per share, down from an earlier range of $3.55 to $3.70.