Aug 20- Target Corp cut its full-year earnings forecast as it offers more discounts to attract cash-strapped customers and win over shoppers unnerved by a massive holiday-season data breach. Target's shares rose 1 percent to $59.81 in noon trading.» Read More
LONDON, June 11- European equity markets fell on Wednesday as a profit warning from German airline Lufthansa hit travel stocks. Air France KLM fell 6.1 percent, International Consolidated Airlines Group dropped by 3.5 percent and the regional STOXX Europe 600 Travel& Leisure Index fell 1.5 percent, making it the worst-performing equity sector.
LONDON, June 11- European equity markets fell on Wednesday as a profit warning from German airline Lufthansa hit travel stocks. Air France KLM fell 6.2 percent, International Consolidated Airlines Group dropped by 5 percent and the regional STOXX Europe 600 Travel& Leisure Index fell 1.8 percent- making it the worst-performing equity sector.
*Deutsche Lufthansa profit warning sees selling of airlines. EDINBURGH, June 11- European stocks turned negative on Wednesday after a profit warning from German airline Deutsche Lufthansa rocked the travel and leisure sector.
PARIS, June 10- Steel pipes maker Vallourec warned on Tuesday that core profit would drop 10 percent this year as customers- mainly Brazilian state oil company Petrobras- run down inventories to save money.
PARIS, June 10- Steel pipes maker Vallourec warned core profit would be 10 percent lower in 2014 compared with 2013' s 920 million euros as customers- mainly Brazilian state oil company Petrobras- run down inventories to save money.
*Raises full-year profit forecast to $1.05- $1.17/ share. The company said it expects earnings of $1.05- $1.17 per share on revenue of $387- $399 million, assuming comparable-store sales would remain flat at best for the year ending Jan. 31. It had previously forecast earnings of $1.16- $1.31 per share on revenue of $391- $409 million.
The company said it expects earnings of $1.05- $1.17 per share on revenue of $387- $399 million assuming a low single-digit decrease to flat comparable sales for the year ending Jan. 31. It had previously forecast earnings of $1.16- $1.31 per share on revenue of $391- $409 million.
BEIJING, June 5- The International Monetary Fund cut its 2015 economic growth forecast for China to about 7 percent, but urged authorities to avoid further stimulus measures and concentrate on curtailing financial risks instead.
June 2- Krispy Kreme Doughnuts Inc cut its adjusted earnings forecast for the full year as it expects a rise in costs related to technology upgrades and management changes, sending its shares down 9 percent in extended trading. The company cut its fiscal 2015 adjusted earnings forecast to 69- 74 cents per share from 73- 79 cents.
MEXICO CITY, May 23- Mexico's economy grew less than expected in the first quarter due to weak domestic demand and sluggish industrial activity, prompting the government to slash its growth outlook to below three percent for 2014..
May 22- ITT Educational Services Inc, a for-profit college operator, withdrew its full-year forecast and warned of a fall in new enrollment after rising for three straight quarters, adding to the uncertainty surrounding the sector.
*Lowers top-end of profit outlook to $3.17/ share from $3.19. May 20- TJX Cos Inc, the owner of off-price chains TJ Maxx and Marshalls, cut the top-end of its full-year earnings outlook after reporting lower-than-expected comparable store sales due to weak demand for apparel.
*Third-qtr sales $1.97 bln vs est. May 19- Campbell Soup Co, the world's largest soup maker, cut its full-year sales forecast as the competition in the cheap-and-easy meals category shows no sign of cooling. "So, consumers have the option- rather than buying soup they might go out and get frozen pizza or mac and cheese," Morningstar analyst Erin Lash said.
May 19- Campbell Soup Co, the world's largest soup maker, cut its full-year sales forecast after posting weaker-than-expected quarterly sales as increased promotions failed to boost its U.S. soup division. Shares of Campbell, which also makes Prego pasta sauces and Pepperidge Farm cookies, fell 5.4 percent in premarket trading.
WARSAW, May 14- The European Bank for Reconstruction and Development slashed its regional growth forecasts in half on Wednesday and warned of damage to the world economy if the crisis in Ukraine sends Russia into recession.
May 8- Security software maker Symantec Corp posted a better-than-expected quarterly profit, helped by cost cutting, and forecast current quarter and full-year revenue above Wall Street expectations. Symantec said it expects first-quarter adjusted profit of 41- 43 cents per share on revenue of $1.65- $1.69 billion.
*Cuts 2014 rev range to $995 mln- $1.025 bln, EPS ex-items to $2.68- $2.80. *Sees Q2 revenue $230- $240 mln, EPS ex-items $0.55- $0.62. JERUSALEM, May 8- Israeli software provider Nice Systems trimmed its 2014 profit and revenue forecasts after first-quarter results fell short of expectations, driving its shares down more than 9 percent.
May 8- Dean Foods Co, the largest U.S. milk processor, cut its full-year adjusted profit forecast after posting a surprise loss for the first quarter, as milk costs reached an all-time high and a severe winter hurt supply.
May 8- Data analytics company Teradata Corp warned that second-quarter revenue would fall and said it expected its full-year revenue and adjusted profit would come in at the lower end of its forecast.
May 8- Dean Foods Co, the largest U.S. dairy processor, lowered its full-year adjusted profit forecast after posting weaker-than-expected first-quarter results as milk costs rose and a severe winter in the country hurt supplies.