Earnings Profit Warnings

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  • Valeant cuts revenue, profit forecasts Wednesday, 16 Dec 2015 | 6:17 AM ET

    Dec 16- Canadian drugmaker Valeant Pharmaceuticals International Inc cut its revenue and profit forecast for 2015 and 2016..

  • SEJONG, South Korea, Dec 16- South Korea cut its economic growth forecast for next year, pinning its hopes on domestic consumption paving the path to expansion- with minimal help seen likely to come from stagnant exports. The Ministry of Strategy and Finance forecast the economy would grow by a real 3.1 percent next year, slightly down from the 3.3 percent...

  • U.N. cuts 2015 global economic growth forecast to 2.4 pct Thursday, 10 Dec 2015 | 11:34 AM ET

    UNITED NATIONS, Dec 10- The United Nations on Thursday said it cut its forecast for global economic growth in 2015 by 0.4 percentage point to 2.4 percent, largely due to lower commodity prices, increased market volatility and slow growth in emerging market economies. The International Monetary Fund, also in the U.N. family, said in October that it had cut its global...

  • LONDON, Dec 9- British rail and bus company Stagecoach said customers had cut back journeys to big cities since last month's deadly attacks in Paris, leading it to trim its annual profit forecast. Revenue growth in parts of its inter-city coach business and its UK rail units which connect London, Manchester and Edinburgh, had dropped over the last month,...

  • LONDON, Dec 9- British rail and bus operator Stagecoach said people had avoided travel to big cities since the militant attacks in Paris in mid-November, forcing it to "modestly" downgrade its annual earnings forecast. Stagecoach, whose megabus.com services operate between British and European cities including Paris, said it believed the attacks which killed...

  • LONDON, Dec 7- British outsourcing company Serco on Monday showed that its revival will be a long process, warning that revenue and trading profit would fall in 2016, due to the sale of a call centre business and some lost contracts, sending its shares down more than 10 percent. Serco, whose UK division accounts for about half of its business, said it expected revenue...

  • FRANKFURT, Nov 26- The International Air Transport Association cut its long-term growth forecast for the number of air passengers around the world, citing negative developments in the global economy, especially weaker forecasts for China. IATA said on Thursday it now expected the number of air passengers to reach 7 billion by 2034, doubling from the 3.5...

  • Nov 24- HP Inc, which houses former Hewlett-Packard Co's legacy printer and PC business, cut its full-year adjusted profit forecast, hurt by weak PC and printer sales. HP Inc said it now expected an adjusted profit of $1.59- $1.69 per share for 2016, compared with its previous forecast $1.67- $1.77 per share. The results are the last for Hewlett-Packard, the tech...

  • KINSHASA, Nov 23- Democratic Republic of Congo lowered its 2015 economic growth forecast to 7.7 percent from an earlier prediction of 8.4 percent due to weak commodity prices and lower mining output, the prime minister's office said in a statement on Monday. Copper and cobalt exports alone accounted for 79 percent of the value of Congo's exports in the first...

  • Nov 19- Apparel retailer Gap Inc cut its 2015 profit forecast, hurt by a strong dollar and weak sales at its Banana Republic and Gap brands but Chief Executive Arthur Peck said the brands would see a material improvement in spring. Gap cut its 2015 adjusted profit forecast to $2.38- $2.42 per share from $2.75- $2.80. Net income fell to $248 million, or 61 cents per share,...

  • Gap cuts full-year profit forecast as dollar weighs Thursday, 19 Nov 2015 | 4:17 PM ET

    Nov 19- Apparel retailer Gap Inc cut its 2015 profit forecast, hurt by a strong dollar and weak sales at its Banana Republic and Gap brands. Net income fell to $248 million, or 61 cents per share, in the third quarter ended Oct. 31, from $351 million, or 80 cents per share, a year earlier. Gap's Old Navy line, however, has been a bright spot for the company, attracting customers...

  • *Cuts 2015 EPS view to $6 from $6.25- $6.35. Nov 19- UnitedHealth Group Inc, the largest U.S. health insurer, cut its full-year profit forecast due to continued pressure on its Obamacare plans for individuals, and said it was evaluating to what extent it would continue to offer these plans in 2017.. UnitedHealth had said in October that costs for these plans had dented...

  • Nov 19- Health insurer UnitedHealth Group Inc cut its full-year profit forecast due to continued pressure on its Obamacare plans for individuals, and said it was evaluating to what extent it can continue to offer these plans in 2017.. "In recent weeks, growth expectations for individual exchange participation have tempered industry wide... so we are taking this...

  • Nov 19- Health insurer UnitedHealth Group Inc on Thursday cut its full-year profit forecast due to continued pressure on its individual plans, which are sold on exchanges created under the U.S. The company said it now expects to earn $6 per share this year, down from its previous estimate of $6.25- $6.35 per share. "In recent weeks, growth expectations for...

  • Nov 12- Department store operator Nordstrom Inc on Thursday joined Macy's Inc in cutting its 2015 profit forecast, raising concerns about a slowdown in the retail sector. Nordstrom's shares fell 18.5 percent to $51.7 in extended trading. Nordstrom cut its adjusted profit forecast for the year to $3.30- $3.40 per share from $3.85- $3.95.

  • *2015 guidance moved to lower end of range. LONDON, Nov 12- Britain's Rolls-Royce issued its fourth profit warning in just over a year and said it could cut dividend payments as a slowdown in Asia hit demand for servicing older aircraft engines, showing the scale of the challenge facing its new CEO. Chief Executive Warren East, who started in July and was almost...

  • The long spell of warm weather in September and October, which hurt sales of cold weather apparel like coats and jackets, could also affect retailers like Urban Outfitters Inc, while a drop in spending by tourists is likely to impact Tiffany& Co and Hudson's Bay Co, which runs chains like Saks Fifth Avenue, said Oliver Chen, analyst with Cowen Equity Research.

  • Rolls-Royce sinks 20% after another profit warning Thursday, 12 Nov 2015 | 3:16 AM ET

    British engine-maker Rolls-Royce downgraded its profit forecast for 2016, its fourth warning in just over a year, and warned it could cut its dividend.

  • LONDON, Nov 12- European equities retreated in early trading on Thursday following some disappointing company updates, with Rolls-Royce slumping about 20 percent after issuing another profit warning. The pan-European FTSEurofirst 300 index was down 0.7 percent at 1,484.74 points by 0811 GMT after closing 0.7 percent higher in the previous session.

  • LONDON, Nov 12- Britain's Rolls-Royce issued its fourth profit warning in just over a year and said it may cut its dividend due to sharply weaker demand for spares and services for existing aero-engines, showing the scale of the challenge facing its new CEO. Rolls-Royce, the 131- year-old company based in Derby, England, shocked investors in July when it said...