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Earnings Profit Warnings

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  • 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.

  • June 29- Canadian miner Iamgold Corp cut its production forecast for the year, saying a "localized seismic event" in Quebec last month would reduce output from its Westwood mine by nearly half. An initial assessment was inconclusive in assessing the impact on production, but further investigation showed the event would "have a more significant impact on 2015...

  • June 29- Canadian miner Iamgold Corp cut its production forecast for the year after an earthquake at its Westwood mine in Quebec.

  • June 24- Cree Inc said it would reduce manufacturing capacity at its light-emitting diode factory, as it struggles with a decline in prices, and take an $85 million restructuring charge. The company said it now expects revenue of $375 million for the current quarter, down from the $420 million- $440 million it expected earlier. The company had recorded revenue of...

  • Cree to restructure LED business, cuts revenue forecast Wednesday, 24 Jun 2015 | 4:19 PM ET

    June 24- Cree Inc, a light-emitting diode maker, said it would restructure its LED products business, hurt by a decline in selling price and under-utilization of its factory. Cree, which also lowered its revenue forecast for the fourth quarter, said on Wednesday it would buy back $500 million worth of stock for fiscal 2016.. The company said it expects to take a...

  • BANGKOK, June 19- Thailand's central bank cut its 2015 growth forecast and said exports would contract for a third straight year and that consumer prices will fall this year. The Bank of Thailand lowered its growth projection to 3.0 percent from 3.8 percent seen three months ago. "The economy will return to its normal trend next year," Assistant Governor Mathee...

  • *Yields fall after Fed statement. NEW YORK, June 17- U.S. "I look at the economic outlook as pretty dovish," said James Camp, managing director at Eagle Asset Management in St. Petersburg, Florida.

  • *Yields fall after Fed statement. NEW YORK, June 17- U.S. "I look at the economic outlook as pretty dovish," said James Camp, managing director at Eagle Asset Management in St. Petersburg, Florida.