Earnings Profit Warnings

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  • June 17- Embattled media giant Viacom Inc on Friday said its third-quarter earnings will fall short of Wall Street estimates, marking the first time since October 2008 that it has put out such guidance. The New York- based media company, which owns Paramount, Comedy Central and Nickelodeon, cited weak performance from its latest Teenage Mutant Ninja Turtle movie...

  • June 17- Embattled media giant Viacom Inc on Friday said its third-quarter earnings will fall short of Wall Street estimates, marking the first time since October 2008 that it has put out such guidance. The New York- based media company, which owns Paramount, Comedy Central and Nickelodeon, cited weak performance from its latest Teenage Mutant Ninja Turtle movie...

  • NEW YORK, June 15- U.S. Ahead of the United Kingdom's vote next week on whether to leave the European Union, few expected the Federal Reserve to take action, but officials also lowered their economic growth forecasts for 2016 and 2017 and indicated the U.S. central bank would be less aggressive in tightening monetary policy after the end of this year.

  • June 13- Chinese online search giant Baidu Inc slashed its current-quarter revenue forecast, saying many of its healthcare customers had cut or delayed advertising spending due to the ongoing regulatory scrutiny. The company cut its revenue forecast for the second quarter to $2.81 billion- $2.82 billion from $3.12 billion- $3.19 billion.

  • *Pan-European indexes down 0.7 percent. MILAN, June 9- European shares fell for a second straight day on Thursday weighed down by weakness among commodities-related stocks, while Essentra plunged after a profit warning. The pan-European STOXX 600 and FTSEurofirst 300 indexes were both down around 0.7 percent by 1109 GMT.

  • Delta expects an operating profit margin near 21 percent compared with its prior outlook of 21 percent to 23 percent, with passenger unit revenue down around 4.5 percent from a year ago, CFO Paul Jacobson said. JPMorgan analyst Jamie Baker said investors were bracing for higher fuel costs. Delta shares were down less than 1 percent in early afternoon trade on the...

  • Commodity-importing emerging market countries are faring better, but the benefits of lower energy and other goods have been slow to materialize, the World Bank said. "As advanced economies struggle to gain traction, most economies in South and East Asia are growing solidly, as are commodity-importing emerging economies around the world," said World Bank Chief...

  • *Cuts full-year adj earnings forecast to $6.60- $7.00/ share. The Laval, Quebec- based drugmaker expects full-year adjusted earnings of $6.60- $7.00 per share, compared with its previous forecast of $8.50- $9.50, and revenue of $9.9 billion- $10.1 billion, down from $11.0 billion- $11.2 billion. Ruane, Cunniff& Goldfarb Inc, one of Valeant's biggest shareholders, cut...

  • *Cuts full-year adj earnings forecast to $6.60- $7.00/ share. The Laval, Quebec- based drugmaker expects full-year adjusted earnings of $6.60- $7.00 per share, compared with its previous forecast of $8.50- $9.50, and revenue of $9.9 billion to $10.1 billion, down from $11.0 billion to $11.2 billion. The investment firm that runs the Sequoia Fund, long known for its...

  • *Cuts full-year adj earnings forecast to $6.60- $7.00/ share. The Laval, Quebec- based drugmaker expects full-year adjusted earnings of $6.60- $7.00 per share, compared with its previous forecast of $8.50- $9.50, and revenue of $9.9 billion to $10.1 billion, down from $11.0 billion to $11.2 billion. "Negative external attention continues to adversely impact the...

  • *Cuts full-year adj earnings forecast to $6.60- $7.00/ share. The Laval, Quebec- based drugmaker expects full-year adjusted earnings of $6.60- $7.00 per share, compared with its previous forecast of $8.50- $9.50, and revenue of $9.9- $10.1 billion, down from $11.0- $11.2 billion. "Negative external attention continues to adversely impact the business and our...

  • *Cuts full-year adj earnings forecast to $6.60- $7.00/ share. *Shares fall 11 percent to $25.77. The embattled Canadian drugmaker's U.S.-listed shares tumbled nearly 11 percent to $25.77 before the bell on Tuesday.

  • Valeant cut its full-year earnings forecast to $6.60- $7.00 per share from $8.50- $9.50, and its revenue forecast to $9.9- $10.1 billion from $11.0- $11.2 billion. Net loss attributable to the company was $373.7 million, or $1.08 per share in the quarter ended March 31, compared with a profit of $97.7 million, or 28 cents per share, a year earlier. While, Valeant's total...

  • Citigroup CEO expects 25% drop in profits

    At an investor conference in New York, Michael Corbat says he expects flat quarterly profits in the second quarter.

  • HP Inc forecast an adjusted profit of 37- 40 cents per share for the third quarter, largely below the average analyst estimate of 40 cents. The company lowered the top end of its 2016 adjusted profit forecast to $1.65 per share from $1.69, leaving the low end unchanged at $1.59. HP's earnings from continuing operations fell to $660 million, or 38 cents per share, in the...

  • SYDNEY, May 23- Australia's top listed travel agent Flight Centre Travel Group Ltd blamed a global airfare war and upcoming polls in the United States, Britain and at home as it issued a profit warning, sending its shares tumbling. It said that Britain's vote next month on whether to stay in the European Union, along with upcoming general elections in Australia and...

  • UNITED NATIONS, May 12- The United Nations on Thursday said it cut its forecast for global economic growth in 2016 by half a percentage point to 2.4 percent, largely due to downward revisions for Africa, the Commonwealth of Independent States and Latin America. In the CIS region of the former Soviet Union, the report said Azerbaijan, Kazakhstan and Russia will...

  • LONDON, May 12- Commercial broadcaster ITV said companies were holding back from buying advertising in the build up to next month's European Union referendum in Britain, prompting it to lower its forecast for first-half ad revenues. It said, however, that it expected to deliver good profit growth in its first half to end-June, helped by a solid performance from...

  • May 11- Department store operator Macy's Inc reported its fifth straight drop in quarterly sales, missing analysts' estimates again, as customers cut back on buying apparel and a strong dollar discouraged tourists from spending heavily. Shares of Macy's, which also slashed its full-year comparable sales and earnings forecasts, fell 12 percent on Wednesday to...

  • *1st- qtr same-store sales down 5.6 pct vs est 3.2 pct. May 11- Department store operator Macy's Inc reported its fifth straight drop in quarterly sales, missing analysts' estimates, as customers cut back on buying apparel and a strong dollar discouraged tourists from spending heavily. They were set to open at an almost four-year low of $33.76.