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Profit Warnings

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  • Tiffany cuts full-year outlook as holiday sales dip Monday, 12 Jan 2015 | 11:59 AM ET
    A shopper walks past a Tiffany store in White Plains, New York.

    Tiffany cut its full-year profit outlook, hurt by a stronger U.S. dollar and some weakness in the Americas and Japan.

  • Jan 12- Upscale jeweler Tiffany& Co cut its full-year profit forecast, citing a disappointing holiday shopping season and further weakness in Japan. Tiffany's shares fell 11.7 percent to $91.34 in early trading on Monday after the company said it now expected an adjusted profit of $4.15- $4.20 per share in the year ending Jan. 31, down from its prior forecast of...

  • SanDisk cuts revenue forecast, shares fall Monday, 12 Jan 2015 | 11:01 AM ET

    SanDisk said it expects revenue to be lower than it had forecast, citing weaker-than-expected sales of retail products and NAND storage chips.

  • Jan 12- Upscale jeweler Tiffany& Co cut its full-year profit forecast, citing a disappointing holiday shopping season. Tiffany's shares fell 11.7 percent to $91.34 in early trading on Monday after the company said it now expected an adjusted profit of $4.15- $4.20 per share in the year ending Jan. 31, down from its prior forecast of $4.20- $4.30.

  • UPDATE 1-SanDisk cuts revenue forecast, shares fall Monday, 12 Jan 2015 | 10:09 AM ET

    Jan 12- SanDisk Corp said it expects fourth-quarter revenue to be lower than it had forecast, citing weaker-than-expected sales of retail products and NAND storage chips. SanDisk, which is increasingly using its chips to build and sell solid-state drives directly to companies and consumers, had already warned of supply constraints for the quarter.

  • LONDON, Jan 12- Oil renewed its decline on Monday, dropping below $49 a barrel as Goldman Sachs slashed its short-term price forecasts and Gulf producers showed no signs of curbing output. Analysts at Goldman Sachs cut their three-month forecasts for Brent to $42 a barrel from $80 and for the U.S. The bank cut its 2015 Brent forecast to $50.40 a barrel from $83.75...

  • WASHINGTON, Dec 30- The chief financial officer of Washington, D.C. cut his projections for the district's revenue this fiscal year by $83.4 million, in a report released on Tuesday. The projected total revenue of $6.58 billion would still be 4.3 percent more than that collected in fiscal 2014, according to the independent CFO, Jeffrey Dewitt.

  • Thailand's economic growth view goes under the knife Saturday, 27 Dec 2014 | 12:19 AM ET
    Thai baht banknotes

    Thailand's central bank said the country's economy will barely grow this year and cut its 2015 forecast, mainly on expectations exports will remain lackluster.

  • BANGKOK, Dec 26- Thailand's central bank said exports will shrink this year, leading it to cut its projection for 2014 economic growth to just 0.8 percent from 1.5 percent. Exports to Japan were 10.7 percent below the year-earlier level, while those to China tumbled 18.7 percent. The sputtering of Thailand's traditional growth engine, exports, has been a big...

  • SEJONG, SOUTH KOREA, Dec 22- South Korea cut its bullish growth forecasts for both this year and next but its revised projections were still seen as too optimistic, supporting expectations of an interest rate cut early next year. The Ministry of Strategy and Finance forecast on Monday the economy will grow by 3.4 percent this year, down from 3.7 percent projected...

  • SEJONG, SOUTH KOREA, Dec 22- South Korea cut its bullish growth forecasts for both this year and next, but does see conditions perking up in 2015 as government stimulus measures and falling crude oil prices animate domestic consumption. The Ministry of Strategy and Finance forecast on Monday the economy will grow by 3.4 percent this year, down from 3.7 percent...

  • PARIS, Dec 18- Air France-KLM cut its 2014 earnings goal by 200 million euros on Thursday, blaming higher-than-expected costs from a September pilots' strike and fuel hedging. The Franco-Dutch airline group trimmed its forecast to 1.5- 1.6 billion euros in earnings before interest, tax, depreciation and amortization and said it would step up investment and cost...

  • Dec 18- Dunkin' Brands Group Inc cut 2015 U.S. same-store sales growth forecast for its Dunkin' Donuts business, citing slowing sales of packaged coffee in its restaurants. Dunkin' Brands also cut its operating income growth forecast and said it expected its joint ventures in South Korea and Japan to weigh on 2015 results. Dunkin' Brands said it expected U.S....

  • Dec 18- Dunkin' Brands Group Inc cut its 2015 forecast for same-store sales growth in the United States and operating income growth, citing slowing sales of packaged coffee in its restaurants. The company forecast adjusted earnings of $1.75- $1.76 per share. Analysts on average were expecting earnings of $2.02, according to Thomson Reuters I/B/E/S.

  • Dec 12- BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, cut its full-year earnings and revenue forecast, saying it expected a weak rouble to hit sales in Russia. The Canadian company, which manufactures in Europe and counts Russia as one of its biggest markets, also reported a lower-than-expected third-quarter profit. BRP, spun off from...

  • Dec 12- Canada's BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercrafts, reported a 23 percent fall in quarterly profit and cut its full-year earnings and revenue forecast, citing the weak Russian ruble. The company's net profit fell to C $37.2 million ( $32.17 million in the third quarter ended Oct. 31 from C $48.2 million a year earlier.

  • WELLINGTON, Dec 12- New Zealand's Fonterra dairy co-operative on Friday cut its supply forecast for the current season, citing the risk that a lower price paid to farmers for milk may impact volumes in the coming months. The world's largest dairy co-operative said it expected to collect 1.584 billion kilograms of milk solids from its farmer shareholders...

  • NZ's Fonterra cuts supply forecast due to lower prices Thursday, 11 Dec 2014 | 8:35 PM ET

    WELLINGTON, Dec 12- New Zealand's Fonterra dairy co-operative on Friday cut its supply forecast for the current season, citing the risk that a lower price paid to farmers for milk may impact volumes in the coming months. The world's largest dairy co-operative said it expected to collect 1.584 billion kilograms of milk solids from its farmer shareholders...

  • 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...