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Earnings Profit Warnings

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  • Roller coaster crash set to cost owner $73M Monday, 27 Jul 2015 | 12:56 PM ET
    "The Smiler" rollercoaster, at Alton Towers Resort, U.K.

    A popular UK attractions operator has issued a profit warning ahead of its interim results, after a rollercoaster incident at one of its theme parks.

  • LONDON, July 27- Britain's Merlin Entertainments, the company behind the Alton Towers theme park, warned that annual profit would be about 9 percent lower than current forecasts due to the impact of a roller coaster crash in June. Merlin said on Monday that the temporary closure of Alton Towers, where the crash took place, and rides at other parks, would result in a 37...

  • LONDON, July 27- Merlin Entertainments, the British operator of Madame Tussauds waxworks and London Eye, warned that annual profit would be about 9 percent lower than current forecasts due to the impact of a roller coaster crash. Merlin said on Monday that the temporary closure of theme park Alton Towers, where the crash took place, and rides at other parks, would...

  • The biotechnology company now expects 2015 adjusted earnings in the range of $15.50 to $15.95 per share. In the second quarter, the Cambridge, Massachusetts- based company posted revenue of $2.59 billion, which missed Wall Street forecasts. Eighteen analysts surveyed by Zacks Investment Research expected $2.71 billion.

  • LONDON, July 24- British temporary power firm Aggreko said on Friday that its pretax profit for this year would be between 8 and 15 percent lower than market forecasts, due to a slowdown in oil and gas and less favorable contract terms. Aggreko said its North American business had been hit by a lower oil price and declining activity there meant less equipment was...

  • July 23- Boston Scientific Corp cut its full-year profit forecast for the second time in the face of rising litigation costs linked to problems with its implantable device used to treat feminine stress urinary incontinence. A Delaware jury last month ordered Boston Scientific to pay $100 million to a woman injured by the mesh, the largest-ever verdict...

  • PEORIA, Ill.— Caterpillar's says it's looking to manage costs as ongoing economic weakness in countries like China and Brazil and soft commodity prices pressure sales. Caterpillar earned $710 million, or $1.16 per share, for the three months ended June 30. Caterpillar now foresees revenue of about $49 billion, a billion less that previous guidance.

  • July 23- Canadian miner Teck Resources Ltd reported a 21 percent fall in quarterly profit and cut its 2015 coal production forecast due to falling demand from China and increased supply from Australia. Net profit attributable to shareholders fell to C $63 million, or 11 Canadian cents per share, for the quarter, from C $80 million, or 14 Canadian cents per share, a...

  • July 22- The National Retail Federation, the biggest U.S. retail association, cut its forecast for retail sales growth in the country this year, citing an unexpected slowdown in growth in the first half of the year. U.S. retail sales unexpectedly fell in June, recording the weakest since February, as households cut back on purchases, according to the latest data from...

  • NATIONAL RETAIL FEDERATION SAYS CUTS 2015 RETAIL SALES GROWTH FORECAST TO 3.5 PCT FROM PREVIOUS VIEW OF 4.1 PCT, CITING SLOW GROWTH IN FIRST HALF OF YEAR.

  • ADB cuts Asia, China 2015, 2016 growth forecasts Wednesday, 15 Jul 2015 | 9:30 PM ET

    MANILA, July 16- The Asian Development Bank has cut its 2015 and 2016 growth forecasts for China and the rest of Asia, largely as a result of the slower than expected growth in the region's largest economy and in developed economies elsewhere. The ADB raised slightly its 2015 forecast for South Asia to 7.3 percent against 7.2 percent in March, as an expected strong...

  • *Auto stocks down as JP Morgan cuts China market forecasts. "There's been a lot of progress on Greece after the weekend, and that is one of the reasons why traders are continuing to buy into this market," said Thames Capital Markets strategist Nav Banwait. But carmakers fell as JP Morgan cut forecasts on China's auto market, a day after a profit warning from Brilliance...

  • *BMW says China remains an attractive market. BEIJING/ FRANKFURT, July 13- Brilliance China Automotive Holdings Ltd, which makes BMW cars in China, issued a profit warning on Monday, citing slowing sales in the world's biggest car market. Brilliance, which makes minivans for China's domestic market and assembles luxury cars for BMW via its joint venture with the...

  • LONDON, July 9- Problematic contracts in Britain, the Middle East and the United States will cost Balfour Beatty up to 150 million pounds this year, the infrastructure company said, setting it on course for another annual loss. Britain's Balfour is counting the cost of wafer-thin margins it accepted to win construction business during the financial crisis and...

  • UN FAO CUTS WORLD CEREALS STOCKS FORECAST FOR 2015-16 TO 631.3 MLN TONNES.

  • LONDON, July 9- British infrastructure group Balfour Beatty issued a fresh profit warning on Thursday, likely tipping the group into another loss for 2015.. Balfour, which has previously warned that it faces major challenges from domestic contracts, said it had discovered problems that would result in an additional shortfall to 2015 pre-tax profit of up to 150...

  • July 7- Research firm Gartner Inc said worldwide shipment of devices such as PCs, tablets and smartphones is expected to grow by 1.5 percent to 2.5 billion units this year, slower than the 2.8 percent it forecast earlier. The cut in growth forecast is mainly due to the slowdown in PC purchases in western Europe, Russia and Japan as a stronger dollar pushed up prices,...

  • Rolls-Royce cuts 2015, 2016 profit forecasts Monday, 6 Jul 2015 | 12:57 PM ET

    British engineering company Rolls-Royce cut its profit forecasts for this year and next, citing continued weakness in oil and gas markets.

  • LONDON, July 6- British engineer Rolls-Royce cut profit expectations for the third time in nine months on Monday, increasing the challenge for its new chief executive. That turns up the heat on new CEO Warren East, who took the helm only four days ago. The aerospace business accounted for almost half of 2014 revenues and has been riding a surge in demand for...

  • Rolls-Royce cuts 2015, 2016 profit forecasts Monday, 6 Jul 2015 | 4:28 AM ET

    British engineering company Rolls-Royce cut its profit forecasts for this year and next, citing continued weakness in oil and gas markets.