Earnings Profit Warnings

  • LONDON, July 27- ITV said it expected its key net advertising revenue to slip around 1 percent in the first nine months of the year, ahead of analyst expectations, as the British broadcaster coped better than other media with the volatility hitting ad markets. Newspapers in Britain have warned of a slump in advertising in recent months, as companies held off from...

  • Texas- based Anadarko raised the mid-point of its full-year sales volume forecast by 2 million barrels of oil equivalent on increased sales from Gulf of Mexico, Delaware and DJ basins. Net loss attributable to Anadarko was $692 million, or $1.36 per share, in the second quarter, compared with a profit of $61 million, or 12 cents per share, a year earlier.

  • The company's $1.09 in earnings per share, excluding restructuring costs, was better than analysts' expectations of 96 cents, but below a revised $1.40 a year ago. The world's largest construction and mining equipment maker lowered its full-year 2016 sales outlook to a range of $40 billion to $40.5 billion, from $40 billion to $42 billion. Caterpillar expects...

  • The company, the world's largest construction and mining equipment maker, lowered its full-year 2016 sales outlook to a range of $40 billion to $40.5 billion, from $40 billion to $42 billion. Caterpillar expects earnings of $2.75 per share, or $3.55 excluding restructuring costs, from $3.00, or $3.70 excluding restructuring costs. Caterpillar reported...

  • Product sales fell to $7.65 billion from $8.13 billion in the year-ago quarter, Gilead said in a statement. Wall Street analysts, on average, had forecast hepatitis C sales of $4.09 billion, according to a poll by ISI Evercore. Gilead lowered its 2016 product sales outlook to between $29.5 billion and $30.5 billion, from a previous range of $30 billion to $31...

  • Quarterly net profit fell to $3.5 billion from $4.5 billion a year earlier. Adjusting for one-time items, Gilead earned $3.08 per share, which beat analysts' average estimate of $3.02, according to Thomson Reuters I/B/E/S. The company on Monday lowered its outlook for 2016 product sales to between $29.5 billion and $30.5 billion, from a previous range of $30...

  • *Cuts 2016 sales view to $40- $40.6 bln from $40.3- $40.9 bln. *To "stay conservative" with Europe investments post Brexit. The company also said Britain's vote to leave the United Kingdom could weigh on economic growth in both regions long term and that it would "stay conservative" in terms of investments in the region that accounted for 22 percent of its 2015 sales.

  • The company's shares dropped more than 2.4 percent to $115.80 in premarket trading on Friday. Honeywell lowered it 2016 sales forecast to $40.0- $40.6 billion from $40.3- $40.9 billion, slightly short of analysts average estimate of $40.64 billion, according to Thomson Reuters I/B/E/S. The company's revenue rose 2.2 percent to nearly $10 billion in the second...

  • PARIS, July 21- Dassault Aviation cut its delivery forecast for Falcon business jets by 17 percent after posting lower first-half operating income and revenue on Thursday, hit by a price battle in the economically sensitive business jet market. Chief Executive Eric Trappier said the first half had been marked by economic and geopolitical uncertainty,...

  • PARIS, July 21- Dassault Aviation cut its delivery forecast for Falcon business jets by 17 percent after posting lower first-half operating income and revenue on Thursday, hit by a price battle in the economically sensitive business jet market. Chief Executive Eric Trappier said the first half had been marked by economic and geopolitical uncertainty,...

  • PARIS, July 21- Dassault Aviation on Thursday posted lower first-half operating income and revenue, hurt by a battle over prices in the weak business jet market, and reduced its forecast for Falcon business jet deliveries to 50 aircraft from 60 for 2016.. The family-controlled aerospace firm, which also builds Rafale warplanes, said it had concluded...

  • PARIS, July 21- Dassault Aviation on Thursday posted lower first-half operating income and revenues, driven in part by pricing pressure on its business jet division, and reduced its forecast for Falcon business jet deliveries to 50 aircraft from 60 for 2016.. The family-controlled aerospace firm, which also builds Rafale warplanes, said it had concluded...

  • LONDON, July 21- European stock markets fell on Thursday, weighed down by a drop in the shares of major airlines after Lufthansa issued a profit warning. The pan-European STOXX 600 index and the similar FTSEurofirst 300 were both down by 0.5 percent, with many investors focusing on the European Central Bank's meeting later in the day. We don't own any airline...

  • That compared with $131 million, or 26 cents a share, in the same period a year ago and was well ahead of analysts' expectations, on average, of 29 cents a share, according to Thomson Reuters I/B/E/S. It's a deep beat relative to our numbers and the street, " BMO Capital Markets analyst Andrew Kaip said. Newmont, which has mines in the Americas, Africa, Australia and Asia...

  • TEL AVIV, July 20- Israel's Finance Ministry on Wednesday lowered its economic growth forecast for 2016 by 0.3 percentage point to 2.5 percent, citing weak global growth that has hurt Israeli exports. The improvement in wages and the labour market support growth in government revenues, the ministry said, as it raised its 2016 forecast by 4.2 billion shekels to...

  • IMF SAYS CUTS 2016 UK GROWTH FORECAST TO 1.7 PCT FROM 1.9 PCT IN APRIL; 2017 UK GROWTH FORECAST CUT TO 1.3 PCT FROM 2.2 PCT IN APRIL.

  • IMF CUTS GLOBAL GROWTH FORECASTS TO 3.1 PCT FOR 2016, 3.4 PCT FOR 2017, DOWN 0.1 PERCENTAGE POINT FROM APRIL FORECASTS FOR EACH YEAR.

  • FRANKFURT, July 18- German container line Hapag-Lloyd warned investors that profit would fall in 2016 and signed a binding agreement with Arab peer UASC to form the world's fifth largest shipping company in response to a global industry crisis. "We are able to combine UASC's emerging global presence and young and highly efficient fleet with Hapag-Lloyd's...

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    Swatch Group warned investors that profit would at least halve in the first half of 2016 as sales fell in Hong Kong and Europe.

  • ABU DHABI/ DUBAI, July 14- Abu Dhabi Islamic Bank warned on Thursday it was restricting the amount of new credit it was extending due to an increase in defaults across its business lines. This came after the bank posted a 1 percent rise in second-quarter net profit to 507.5 million dirhams, a result which beat the forecasts of analysts at EFG Hermes and Arqaam...