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Profit Warnings

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  • Dec 11- Delta Air Lines said it expects fuel costs at current market prices to benefit 2015 profit by $1.7 billion.

  • *Airbus sees flat profit in 2016 vs expectations for growth. *Airbus shares close down 10 percent. BERLIN/ GENEVA, Dec 10- Airbus shares slid 10.4 percent on Wednesday, their worst drubbing in more than six years, after the planemaker predicted flat profits in 2016, surprising investors who had expected new and recently upgraded models to start boosting results...

  • UPDATE 2-Airbus shares slump after 2016 profit warning Wednesday, 10 Dec 2014 | 12:44 PM ET

    *Airbus sees flat profit in 2016 vs expectations for growth. *Airbus shares close down 10 percent. BERLIN/ GENEVA, Dec 10- Shares in Airbus suffered their worst drubbing in more than six years on Wednesday after the planemaker predicted flat profits in 2016, a year in which investors had expected it to start feeling the benefit of new and recently upgraded models.

  • LONDON, Dec 10- Global demand for OPEC crude in 2015 is expected to fall to the lowest level in more than a decade and far below current output, the group said on Wednesday, pointing to a hefty supply surplus without OPEC output cuts or a slowdown in the U.S. shale boom. The report follows OPEC's decision last month not to try and prop up prices by cutting output.

  • Yum Brands lowers forecast on slow China recovery Wednesday, 10 Dec 2014 | 8:13 AM ET
    Doritos Locos tacos and a fountain drink from Taco Bell

    Yum Brands lowered its profit forecast for 2014, hurt by slower-than-expected sales recovery in China, following a food safety scare in July.

  • LONDON, Dec 10- Global demand for oil from OPEC next year will be less than expected because of weaker growth in consumption and the U.S. shale boom, the group said on Wednesday, pointing to an increasing supply surplus in 2015.. In a monthly report, the Organization of the Petroleum Exporting Countries forecast demand for the group's oil will drop to 28.92 million...

  • Dec 9- Yum Brands Inc lowered its profit forecast for the year for the second time, hurt by slower-than-expected sales recovery in China following a food safety scare in July. A television report early July showing improper meat handling by supplier Shanghai Husi Food scared away customers in China, Yum's biggest market by sales. U.S.-based fast-food chains...

  • Dec 9- Yum Brands Inc lowered its. profit forecast for 2014, hurt by slower-than-expected sales recovery in China, following a food safety scare in July. A television report in early July showed improper meat handling by a supplier, Shanghai Husi Food, scared away customers in China, Yum's biggest market by sales.

  • NEW YORK, Dec 9- The U.S. government on Tuesday cut its forecast for domestic oil production growth in 2015 by about 100,000 barrels per day and trimmed its forecast for global oil demand growth next year by 240,000 bpd. The U.S. Energy Information Administration now expects U.S. production next year to rise by 720,000 bpd to around 9.3 million bpd, according to its...

  • OIL PRODUCTION FORECAST FOR 2015 BY 100,000 BPD TO 9.3 MILLION BPD.

  • *Says 2014-15 trading profit will not exceed 1.4 bln stg. *Analysts had expected profit of around 1.9 bln stg. LONDON, Dec 9- Tesco slashed its profit forecasts for the fourth time in five months as its new boss took costly measures to rebuild the British grocer after its recent accounting scandal and dramatic loss of customers in an increasingly cut-throat market.

  • No more shenanigans from Tesco?  Tuesday, 9 Dec 2014 | 11:15 AM ET

    Tesco has issued another profit warning, but CEO Dave Lewis says he is "quietly optimistic". Bruno Monteyne, an analyst at Bernstein, discusses.

  • *Says 2014-15 trading profit will not exceed 1.4 bln stg. LONDON, Dec 9- Tesco cut profit expectations for the fourth time in five months on Tuesday as the cost of rebuilding after an accounting scandal and a dramatic loss of market share increased pressure on the British grocer and its new boss. Chief Executive Dave Lewis, who joined to rescue Britain's largest...

  • Tesco issues another profit warning  Monday, 8 Dec 2014 | 7:00 PM ET

    Tesco's woeful year continued on Tuesday after the U.K. supermarket issued another profit warning saying that it did not expect full year profit to exceed £1.4 billion ($2.2 billion).

  • *Morgan Stanley cuts Brent forecast to £70 a barrel in 2015. LONDON, Dec 8- Brent crude oil fell more than a dollar to around $68 a barrel on Monday, just above five-and-a-half year lows, after Morgan Stanley cut its forecasts, saying oversupply would peak next year after OPEC decided not to cut output. "Without OPEC intervention, markets risk becoming unbalanced,...

  • BEIJING, Dec 8- Oil prices fell more than a dollar at one stage on Monday after Morgan Stanley cut its forecast for Brent crude, approaching a five-year low hit early this month, and the market got little support from mixed Chinese trade data. "Without OPEC intervention, markets risk becoming unbalanced, with peak oversupply likely in the second quarter of 2015,"...

  • SINGAPORE, Dec 8- Oil prices fell by more than a dollar on Monday to near their lowest levels since 2009 after Morgan Stanley cut its price forecast for Brent, saying oversupply will likely peak next year with OPEC deciding not to cut output. "Without OPEC intervention, markets risk becoming unbalanced, with peak oversupply likely in the second quarter of 2015,"...

  • BERLIN, Dec 5- German industry orders rose far more than forecast in October and though the Bundesbank dampened the mood by slashing its growth forecasts for Europe's largest economy, its president said there were signs current weakness would soon be overcome. Industrial orders surged by 2.5 percent on the month in October thanks to strong domestic demand...

  • Express 3Q results mixed, cuts full-year forecast Thursday, 4 Dec 2014 | 12:51 PM ET

    Express results topped the average estimate of analysts surveyed by Zacks Investment Research by a penny per share.

  • *Expects 2015 profit of $3.00- $3.15/ share vs $2.94 last year. *Posts fourth-quarter profit of $1/ share vs estimates of $1.07. The company's printwear business sells plain T-shirts, fleece, and sport shirts mainly to wholesale distributors and screen printers in North America, Europe and Asia Pacific.