May 24- Abercrombie& Fitch Co on Friday reported a steeper-than-expected drop in first-quarter comparable sales, blaming inventory shortages, and slashed its profit forecast, sending the teen clothing retailer's shares down 10 percent.» Read More
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.
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.
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.
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.
Nov 29- Tiffany& Co lowered its fiscal-year sales and profit on Thursday as it reported lower-than-expected quarterly sales, blaming global economic conditions and poor sales of silver jewelry. It looks for a full-year profit of $3.20 to $3.40 per share, down from an earlier range of $3.55 to $3.70.
Chris Tinker, equity strategist and founder of Libra Investment Services, tells CNBC that bank profits have rallied but probably have reached their peak for the short-term future.
Chinas corporate reporting season for the third quarter kicks off on Monday amid profit warnings and earnings downgrades, but analysts think the worst may be over for Chinese firms, with the last quarter of the year expected to bring back some cheer.
Frank Sennett, "Groupon's Biggest Deal Ever" author, provides perspective on what the daily deals company has to do to increase its profitability.
Tony Tyler, Director General & CEO, IATA, predicts a $3 billion profit this year for the global airline industry, which he says is still relatively low. The worsening euro zone crisis will result in a further fall in profits for the industry.
Is the great bond bull trade over? Doug Kass, Seabreeze Partners, discusses his outlook on corporate profit margins and why he believes S&P 500 earnings are likely to fall short relative to consensus forecasts. Also, the winners and losers in a rising rate environment.
In coming years, energy from waste-heat recovery systems could be the greenest power available, while letting more U.S. businesses squeeze extra energy out of their power bills.
Dogfish Head Craft Brewery not only brews beer, it runs its own in-house bottling operation. But disaster struck during one of its bottling runs.
Companies big and small are embracing the model to gain leverage over suppliers of all kinds of services, goods and materials.
The ability to monitor consumer tastes gives retailers access to a trove of information that may help them plan product lines and inventory.
For American bicycle makers, the move to carbon fiber materials was a case of re-inventing the frame —not the wheel.
A two-tier economy is emerging in the UK, with small-cap companies being left behind, Keith McGregor, EMEA head of restructuring at Ernst & Young, told CNBC Monday.
Information technology is, of course, an integral part of running a business. Too often, however, it’s not an integral part of a company’s strategic goals.
"Three-quarters of the warnings for this quarter [in the UK] are on small cap companies. There is an emerging tail of a two-tier economy," Keith McGregor, head of restructuring EMEA at Ernst & Young, told CNBC.
Cost-cutting moves can result from inspiration, or the overlooked obvious, but companies have been thriving on them for decades. It may not raise revenue, but it certainly helps the bottom line.
Operational efficiency has become a key to a company's success, especially in an age of thin margins, whether it 's cutting costs, streamlining output or responding to an economic shock.