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Earnings Profit Warnings

  • LONDON, Feb 16- British engineer Cobham said it would have to take drastic action to turn around its fortunes after cutting its profit forecast for the fifth time in 15 months and warning 2017 could get even worse, wiping as much as a fifth off its market value. "Investors are ditching the stock as it looks like the problems at Cobham go further than anyone realised,"...

  • Feb 8- Whole Foods Market Inc on Wednesday said it is closing some stores and increasing use of customer data to improve results after cutting its full-year sales and profit forecasts after posting its sixth straight quarter of same-store sales declines. Shares in the organic and natural food grocer were down 2.1 percent in extended trading.

  • It cut its profit forecast for the year to $1.33 per share or greater, from its previous view of $1.42 or greater. Whole Foods has also been streamlining management, with co-founder John Mackey taking over as sole chief executive after Walter Robb, who had split CEO duties with Mackey for six years, stepped down last year. Net income fell to $95 million, or 30 cents per...

  • Whole Foods' shares fell 3.2 percent to $28.35 in trading after the bell on Wednesday. It cut its profit forecast for the year to $1.33 per share or greater, from its previous view of $1.42 or greater. Whole Foods has also been streamlining its management, with co-founder John Mackey taking over as sole chief executive after Walter Robb, who had split CEO duties with...

  • "GAAP net income is impacted by higher internal royalties resulting from the continued outperformance of Grand Theft Auto V and Grand Theft Auto Online," Chief Financial Officer Lainie Goldstein said on a post-earnings conference call. Take-Two said it now expected a profit of between $1.15 to $1.25 per share for its full-year ending March 31, down from its...

  • *OPEC cuts to have limited impact on BP in Abu Dhabi. LONDON, Feb 7- BP missed quarterly profit forecasts as annual earnings fell for a second year after average yearly oil prices hit their lowest in 12 years but said it expected producers' output cuts to keep prices above $50 a barrel this year. The oil major said it expected to be able to balance its books with an oil...

  • *FY operating outlook cut to Y240 bln from Y270 bln. TOKYO, Feb 2- Sony Corp on Thursday cut its full-year outlook for operating profit on Thursday after the Japanese TV-to-gaming group took a $1 billion writedown on its struggling movie business. Sony forecast group operating profit of 240 billion yen for the year ending in March, down from a previous estimate of...

  • TOKYO, Feb 2- Sony Corp on Thursday cut its full-year outlook for operating profit on Thursday after the Japanese TV-to-gaming group took a $1 billion writedown on its struggling movie business. Sony forecast group operating profit of 240 billion yen for the year ending in March, down from a previous estimate of 270 billion yen. It also said October-December...

  • LONDON, Feb 1- Eastern European-focussed budget airline Wizz Air cut its full-year profit guidance on Wednesday due to low prices and disruption from severe weather that hit some of its services. Wizz Air lowered its underlying net profit guidance to a range of between 225 million euros and 235 million euros for the full year, from a previous forecast of 245 to...

  • LONDON, Feb 1- Eastern European-focussed budget airline Wizz Air cut its profit guidance for the full year on Wednesday due to low prices and disruptions to some of its services from severe weather in continental Europe. Wizz Air lowered its underlying net profit guidance to a range of between 225 million euros and 235 million euros for the full year, from a...

  • OSAKA, Jan 31- Nintendo Co Ltd cut its operating profit forecast for the year ending March to 20 billion yen from 30 billion yen, though a weaker yen and revenue from mobile gaming helped the videogames maker to its first quarterly profit in a year. October-December profit reached 32.3 billion yen from 33.5 billion yen a year earlier, the Japanese firm said on...

  • SAO PAULO, Jan 30- Brazilian supermarkets on Monday cut their sales growth forecast for this year, reflecting efforts among households to funnel most of their disposable income into paying off debt amid Brazil's worst recession on record. Sales were most impacted by a drastic decline in consumption habits among low-income families that, over the past decade,...

  • The company said it now expects fourth-quarter revenue between $572 million and $580 million from its previous forecast of $725 million- $750 million. Fitbit also said it expects an adjusted net loss of 51- 56 cents per share in the quarter, compared with a previously announced profit of 14- 18 cents. The company also forecast 2017 revenue of $1.5 billion- $1.7...

  • BT said it was seeing record growth in its EE mobile unit and good momentum in consumer operations in a bid to reassure investors.

  • Jan 26- Bristol-Myers Squibb Co on Thursday posted fourth-quarter profits that fell short of Wall Street estimates and lowered its 2017 earnings forecast amid tempered expectations for its key Opdivo immuno-oncology drug. For full-year 2017, the U.S. drugmaker said it now expects adjusted earnings of $2.70 to $2.90 per share, down from its previous range of...

  • Jan 26- Bristol-Myers Squibb Co on Thursday reported fourth-quarter profit that fell short of Wall Street estimates and lowered its 2017 earnings forecast amid tempered expectations for its key Opdivo immuno-oncology drug. For full-year 2017, the U.S. drugmaker said it now expects adjusted earnings of $2.70 to $2.90 per share, down from its previous range...

  • MILAN, Jan 24- Milan prosecutors have opened an investigation into BT's Italian unit over alleged false accounting and embezzlement, two sources said, hours after the parent company issued a profit warning citing a hole in the firm's accounts. No one has been placed under investigation by the Milan prosecutors for the time being, the sources with knowledge of...

  • LONDON, Jan 24- Britain's BT Group slashed its revenue, earnings and cash flow forecasts on Tuesday after it said an accounting scandal in its Italian business went far further than it previously thought. EBITDA c.7.9 bln stg c.7.6 bln stg Growth Broadly flat Normalised free 3.1-3.2 bln c.2.5 bln stg > 3.6 bln stg 3.0- 3.2 bln stg cash flow stg Dividend per 10 pct...

  • *Sees slowdown in UK public sector work. LONDON, Jan 24- BT lost almost a fifth of its market value on Tuesday after an Italian accounting scandal compounded a slowdown in its British government business to force the firm to cut revenue, earnings and cash flow forecasts for the next two years. The telecoms company, which had revealed an initial investigation into...

  • LONDON, Jan 24- Britain's BT cut its revenue, earnings and cash flow forecasts for the next two years on Tuesday after finding that improper accounting at its Italian business went far deeper than previously thought, sending its shares 15 percent lower. The telecoms company, which had revealed an initial investigation into historical accounting practices in...