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Profit Warnings

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  • *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.

  • ECB sharply cuts inflation and growth forecasts Thursday, 4 Dec 2014 | 8:52 AM ET

    FRANKFURT, Dec 4- The European Central Bank slashed its forecasts on Thursday for growth and inflation over the next two years, saying the outlook had deteriorated since its last staff forecasts were published in September. It forecast 2014 inflation at 0.5 percent, rising slightly to 0.7 percent next year and 1.3 percent in 2016.. ECB President Mario Draghi...

  • *Cuts full-year adjusted profit forecast. Dec 3- Struggling teen apparel retailer Abercrombie& Fitch Co said it expected its turnaround efforts to bear fruit next year, but warned of a tough holiday quarter as it discounts heavily. "...we view Abercrombie as a turnaround story that remains largely on track despite the third quarter setback," Suntrust Robinson...

  • Abercrombie cuts forecast on higher discounts Wednesday, 3 Dec 2014 | 10:00 AM ET
    Pedestrians are reflected in the window of an Abercrombie & Fitch store in San Francisco.

    Abercrombie & Fitch cut its full-year profit forecast as higher discounts and efforts to refresh its merchandise failed to attract young customers.

  • Dec 3- Struggling apparel retailer Abercrombie& Fitch Co cut its full-year profit forecast as higher discounts and efforts to refresh its merchandise by dropping the logo-centric approach failed to attract young customers. Abercrombie, which has most of its stores in malls, has been hurt also as fewer people visit malls in North America and Europe and prefer...

  • RUSSIAN ECONOMY MINISTRY CUTS 2015 AVERAGE OIL PRICE FORECAST TO $80 PER BARREL FROM $100.

  • Nov 24- Trina Solar Ltd cut its full-year solar module shipment forecast, largely due to the cancellation of a 130 megawatts solar project in Inner Mongolia, sending the company's shares down as much as 5.4 percent premarket. Trina Solar said it expected solar module shipments of 1,045-1,095 megawatts in the current quarter, compared with the 1,063.8 MW it...

  • MINSK, Nov 22- Belarus has cut its 2015 economic growth forecast to 0.2-0.7 percent from the previous 2.0 percent because of the economic slowdown in Russia, state news agency Belta quoted Economy Minister Nikolai Snopkov as saying. In recent years, Belarus has received tens of billions of dollars in loans and rebates for energy prices from Russia, hit this year...

  • MEXICO CITY, Nov 21- Mexico's finance ministry. The weak data is the latest blow to President Enrique Pena Nieto, who faces rising protests over the apparent massacre of 43 trainee teachers as well as a conflict-of-interest scandal over a lucrative rail contract. Latin America's No. 2 economy has struggled to recover after shrinking last year in the second...

  • Nov 20- Apparel retailer Gap Inc cut its full-year earnings forecast as sales at the Gap brand continued to fall and demand for the cheaper Old Navy clothing slowed. Comparable sales growth at Old Navy stores slowed to 1 percent from 4 percent in the preceding quarter. The company cut its earnings forecast to $2.73- $2.78 per share from $2.95- $3.00 per share for the...

  • UPDATE 2-Plug Power cuts FY forecast, shares plummet Wednesday, 12 Nov 2014 | 12:34 PM ET

    Nov 12- Fuel cell maker Plug Power Inc cut its full-year revenue forecast, citing program delays and weaker-than-expected sales for its ReliOn business, sending its shares down as much as 17 percent. Plug Power cut its 2014 revenue forecast to a range of $70 million to $75 million from its earlier view of $75 million. Plug Power's total cost of revenue more than...

  • *Sees $95 oil price next year followed by decline. MOSCOW, Nov 10- Russia faces the prospect of three years of economic stagnation, the central bank predicted on Monday, underscoring the heavy costs of President Vladimir Putin's Ukraine policies and of Russia's dependence on fragile oil prices. In an annual monetary policy strategy document, the bank slashed its...

  • TOKYO, Nov 10- Japanese stocks fell to a one-week low on Monday as the yen rebounded against the dollar after U.S. jobs data fell short of expectations, while Nippon Telegraph and Telephone Corp tumbled on a profit warning. The benchmark Nikkei share average ended 0.6 percent lower at 16,780.53, the lowest closing level since Oct. 31. The broader Topix shed 0.3...

  • Nov 7- General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, cut its full-year sales and profit growth forecast, blaming weak demand in the United States and slowing growth in its key emerging markets. General Mills' sales in recent quarters have been hit by intense competition from private-label brands and new breakfast options such as...

  • Nov 7- General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, cut its full-year sales and profit growth forecast, blaming weak demand in the United States and slowing growth in its key emerging markets. Shares of the company fell 3.6 percent in early trading. General Mills said it expects net sales for the year ending May to grow at a low single...

  • ASOS annual profit falls 14% on strong pound Tuesday, 21 Oct 2014 | 2:20 AM ET

    British online fashion retailer ASOS posted a 14 percent fall in annual profit after the strength of sterling hit sales growth.

  • Tesco: 'Free rein to bring in a new strategy'?   Tuesday, 23 Sep 2014 | 4:19 AM ET
    Tesco: 'Free reign to bring in a new strategy'?

    The investigation into Tesco's accounting errors points so "some failure of corporate governance", CNBC's Catherine Boyle reports.

  • Tesco in 'really tricky situation': Pro   Monday, 22 Sep 2014 | 11:00 AM ET
    Tesco in 'really tricky situation': Pro

    Bruno Monteyne, senior analyst at Bernstein, says Tesco's accounting error was not a big surprise and that the group is in a "really tricky situation".

  • Dunkin' misses estimate, but CEO sees silver lining Thursday, 24 Jul 2014 | 4:36 PM ET
    A customer enters a Dunkin' Donuts store in midtown Manhattan in New York.

    Dunkin' Brands reported weaker-than-expected U.S. quarterly same-restaurant sales due in part to a cold and rainy start to the spring season.

  • Can Sony reprogram for recovery?   Thursday, 1 May 2014 | 4:50 AM ET
    Can Sony reprogram for recovery?

    Manoj Menon, partner and managing director at Frost & Sullivan, comments on the news that Sony has slashed its profit outlook by over two thirds and says the good news is that the group is getting out of the PC business.