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Profit Warnings

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  • Nov 6- Salix Pharmaceuticals Ltd slashed its full-year forecast and said inventory for its key drugs piled up, sending its shares down nearly 36 percent after the bell. Inventory as of Sept. 30 was $155 million, up about 50 percent since the beginning of the year. The company also reported a net loss of $88.6 million, or $1.39 per share, for the third quarter ended Sept....

  • UPDATE 2-Nu Skin cuts forecast, denies SEC probe Wednesday, 5 Nov 2014 | 2:14 PM ET

    Nov 5- Nu Skin Enterprises Inc cut its profit and sales forecast for the current quarter as a strong dollar compounds troubles in China, and it denied a report that it faces a U.S. regulatory investigation. "To our knowledge, the SEC has not opened a formal investigation nor made any request for the production of documents," Nu Skin Chief Executive Truman Hunt said on a...

  • UPDATE 1-Nu Skin cuts forecast, blames stronger dollar Wednesday, 5 Nov 2014 | 9:42 AM ET

    Nov 5- Nu Skin Enterprises Inc cut its current-quarter profit and sales forecast as a strong dollar compounds its troubles in China, its biggest market. Nu Skin was forced to suspend distributor recruitment drives in China in January after regulators said they were investigating the company over allegations that it was running an illegal pyramid scheme.

  • Nov 5- 3 D printer maker Stratasys Ltd cut its profit forecast for 2014, citing its recent acquisition of computer-aided design systems developer GrabCAD and ongoing development costs. Stratasys's shares were down 7.7 percent in premarket trading on Wednesday as investors shrugged off the company's better-than-expected third-quarter revenue and...

  • TOKYO, Nov 5- Japanese stocks stepped back on Wednesday morning as heavyweight Softbank tumbled after slashing its profit forecast, while the broader market took a breather after outsized gains inspired by a fresh stimulus drive by the Bank of Japan. We're seeing investors taking profits this morning, "said Takashi Hiroki, chief strategist at Monex in Tokyo.

  • *Cuts FY revenue forecast to $3.27 bln- $3.30 bln. Nov 4- Time Inc, which publishes Sports Illustrated, Time and People magazines, cut its full-year revenue forecast for the second time, hurt by falling circulation and weak print advertising. "Supply of advertising online continues to grow and it's really a function of explosive growth in mobile and social media...

  • Nov 4- Discovery Communications Inc, owner of cable channels such as Animal Planet and Discovery Channel, cut its full-year revenue and profit forecasts, citing a strong dollar, weaker U.S. ratings and tensions between Russia and the West. Discovery gets more than half its revenue from its international networks, with about 2 percent of the total coming from...

  • Nov 4- U.S. cosmetics company Estee Lauder Cos Inc cut its full-year profit and sales growth forecast, hurt by weak demand in its key markets, sending its shares down 4 percent in premarket trading. It was also monitoring the effects of certain global uncertainties on its business, including increased sanctions against Russia, Estee Lauder said.

  • Nov 4- Regeneron Pharmaceuticals Inc cut the top end of its full-year sales forecast for its blockbuster eye drug and reported a lower-than-expected adjusted quarterly profit, citing higher costs. Regeneron's net profit fell to $79.7 million, or 70 cents per share, in the third quarter ended Sept. 30 from $141.3 million, or $1.25 per share, a year earlier.

  • Nov 4- Time Inc, publisher of Sports Illustrated, Time and People, cut its full-year revenue forecast for the second time as revenue from print advertising falls steadily. The company, spun off from Time Warner Inc in June, lowered its revenue forecast to $3.27 billion- $3.30 billion from $3.30 billion- $3.37 billion. Time's profit fell to $48 million, or 44 cents per...

  • BRUSSELS, Nov 4- The fragile euro zone will need another year to reach even a modest level of economic growth, the European Commission said on Tuesday, revising down its forecasts and predicting more of the low inflation and high joblessness that plagues the bloc. The delay in the upturn was due to drag on the economy from France and Italy. While the bloc's hangover...

  • *Rheinmetall cuts guidance a second time in three months. FRANKFURT, Nov 3- Rheinmetall cut its 2014 earnings forecast for a second time as its strong automotive business fails to offset cost overruns and lower margins at its defence division, pushing its shares close to a three-year low. Rheinmetall had already cut its 2014 earnings forecast in August, after the...

  • Oct 31- MoneyGram International Inc, the world's second-largest money transfer company, cut prices for transfers within the United States as it loses business to Wal-Mart Stores Inc's new rival service. Wal-Mart was MoneyGram's largest agent in the United States until the world's largest retailer launched its own money transfer service in April.

  • Oct 31- MoneyGram International Inc, the world's second-largest money transfer company, said it would cut prices for transfers within the United States due to rising competition, and withdrew its forecast for the year.

  • LONDON, Oct 31- SuperGroup, the British company behind the Superdry fashion brand, warned that full-year profit would fall short of market forecasts, becoming the latest retailer to see a warm autumn hit demand for winter clothes. Shares in SuperGroup, whose trademark jackets, hooded tops, check shirts and jogging bottoms are popular with twentysomethings,...

  • Oct 30- PerkinElmer Inc on Thursday reported lower-than-expected third-quarter sales and the scientific instruments maker decreased its full-year earnings forecast, citing the impact of the stronger dollar on foreign exchange rates. PerkinElmer gets more than half of its revenue from sales outside the United States. Excluding items, PerkinElmer said it...

  • Oct 30- ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported higher third-quarter profit from the sale of its Nigerian unit but lowered its fourth-quarter production outlook, sending shares down 1.4 percent. Over the last several years, Conoco has shed lower-margin assets, directing more capital to projects like shale...

  • Barrick, the world's biggest gold producer by output, said it now expects its all-in sustaining costs to come in between $880 and $920 per ounce of gold this year, down from a previously expected range of $900 to $940 an ounce. The company said its net earnings fell to $125 million, or 11 cents a share, in the quarter to end-September from $172 million, or 17 cents a share,...

  • LONDON, Oct 29- Britain's No.2 clothing retailer Next Plc cut its profit guidance after an unusually warm autumn left its coats, scarves and jumpers stuck on shop shelves, sending an ominous sign to rivals ahead of the Christmas season. Shares in Next fell as much as 4.4 percent, dragging down rivals Marks& Spencer and Debenhams as the company spelt out the impact on...

  • LONDON, Oct 29- Britain's No.2 clothing retailer Next cut its profit guidance on Wednesday after unusually warm weather suppressed demand for its winter wear, sending an ominous sign to rivals ahead of the crucial Christmas season. Next, which trades from over 500 stores in Britain and Ireland, about 200 stores overseas, and through its Directory internet and...