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Earnings Profit Warnings

  • March 22- General Electric Co said it lowered its target for structural costs at its industrial business for this year and the next, after discussions with activist shareholder Nelson Peltz's Trian Fund Management. GE now expects a profit of $17.2 billion. GE cut its outlook for 2017 industrial structural costs- selling, general and administrative costs,...

  • PARIS, March 15- Pressure on France's Safran to rethink its proposed $9 billion takeover of Zodiac Aerospace intensified on Wednesday as a profit warning sent the target's shares tumbling and hedge fund TCI called for Safran's chairman to be ousted unless it abandons the deal. Zodiac shares were down 16 percent at 23.07 euros by 1259 GMT, well below Safran's...

  • PARIS, March 15- Shares in Zodiac Aerospace, which rival Safran is planning to buy, slumped on Wednesday after it issued a new profit warning. The supplier of aircraft interiors shares were down 14.8 percent at 23.41 euros by 0807 GMT, below Safran's offer price of 29.47 euros. Zodiac disclosed late on March 14 new cost overruns and slashed its earnings guidance,...

  • *Petronas says oil prices to remain uncertain this year. KUALA LUMPUR, March 14- Malaysia's Petroliam Nasional Bhd warned on Tuesday of a cautious outlook for 2017, although sharp cutbacks in expenses by the state-run oil major allowed it to swing to a fourth-quarter profit from a loss in the year-ago period. Malaysia relies on its only Fortune 500 company for...

  • March 6- Delta Air Lines Inc on Monday cut its operating margin forecast for the current quarter, citing higher costs, and said it expected passenger unit revenue, a closely watched revenue metric, to be at the lower end of its forecast. Delta Air now expects operating margins to increase about 10-11 percent, less than 11-13 percent rise it had previously forecast.

  • The company's shares were down 6.7 percent at $23 in after-market trading on Thursday. "I think is a combination of increased pressure from foreign exchange movements as well as a highly competitive environment," Edward Jones analyst Bill Kreher said. HPE said it expected full-year adjusted profit of between $1.88- $1.98 per share, down from the $2- $2.10 per...

  • HPE said it expected full-year adjusted profit of between $1.88- $1.98 per share, down from $2- $2.10 it forecast earlier. The Palo Alto, California- based company, which has been struggling with sluggish demand for its servers and storage equipment, forecast current-quarter adjusted profit in the range of 41 cents- 45 cents per share. Revenue from its enterprise...

  • 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...