Earnings Profit Warnings

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  • 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...

  • LONDON, Nov 12- 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 due to sharply weaker demand for spares and services to existing aero-engines. Rolls-Royce, the 131- year-old company based in Derby, England, shocked investors in July when it said profits from...

  • Britain's Rolls-Royce downgrades 2016 profit again Thursday, 12 Nov 2015 | 2:11 AM ET

    LONDON, Nov 12- British engine-maker Rolls-Royce downgraded its profit forecast for 2016, its fourth profit warning in just over a year, blaming sharply weaker demand for spares and services to existing aero-engines. Rolls-Royce said on Thursday that it now expected profit headwinds of 650 million pounds next year, up from the 300 million cut to profit it...

  • 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.

  • UPDATE 3-Macy's says no to REIT, cuts full-year forecast Wednesday, 11 Nov 2015 | 11:04 AM ET

    Nov 11- Department store operator Macy's Inc cut its full-year sales and profit forecasts on Wednesday and said it would not follow an activist investor's suggestion to form a real estate investment trust, sending its shares down nearly 13 percent. Starboard Value had urged Macy's in July to consider spinning off its real estate assets, valuing them at about...

  • *Plans to redevelop some properties through JVs. Nov 11- Macy's Inc slashed its full-year sales and profit forecasts and reported a surprise drop in quarterly same-store sales as customers cut back on expenditure and a strong dollar discourages tourists from spending at its stores. Shares of the operator of Macy's and Bloomingdale's stores fell more than 9...

  • *Priceline drops after weak profit forecast. Nov 9- Wall Street was set to open slightly lower on Monday after weak Chinese trade data and an OECD report warning of a global slowdown spurred concerns about weakening demand. Data showed China's October exports fell 6.9 percent, down for a fourth month, while imports dropped 18.8 percent, leaving the world's second...

  • LONDON, Nov 9- The Confederation of British Industry scaled back its forecast for economic growth next year, saying on Monday that resilient domestic demand would not be enough to outweigh the effects of a slowdown in emerging markets. British retailers have increasingly adopted U.S.-style' Black Friday' discounts in recent years in a bid to kick-start...

  • COPENHAGEN, Nov 6- Shipping and oil conglomerate A.P. Moller-Maersk said on Friday third-quarter profit almost halved and global demand for container transportation this year would grow at a slower pace than previously expected. The Danish company, which operates the largest container shipping business in the world, kept a reduced forecast made two weeks...

  • *Sets share buyback of up to $300 mln. Nov 5- Time Inc, the publisher of Sports Illustrated, People and Time magazine, lowered its full-year revenue and profit forecast, saying trends in print advertising and circulation were worse than it had expected. To cope with a relentless decline in the print industry, Time Inc has been slashing costs, tapping revenue sources...

  • FireEye shares tumble after company cuts forecasts Thursday, 5 Nov 2015 | 9:50 AM ET

    Nov 5- FireEye Inc shares tumbled nearly 18 percent on Thursday after the cyber security firm missed quarterly forecasts and cut its revenue outlook, saying that a reduction in cyber spying from China had hurt demand for its products. Wall Street analysts and industry watchers said that they were sceptical of FireEye's assertion that a U.S.- China agreement...

  • Nov 5- Duke Energy Corp, the largest U.S. power company by generation capacity, reported a 5.5 percent rise in quarterly profit from continuing operations, driven by warmer-than-expected weather and lower fuel costs. The company lowered the top end of its 2015 adjusted earnings estimate- it now expects earnings for the period to be $4.55- $4.65 per share compared...

  • TOKYO, Nov 5- Toyota Motor Corp cut its full-year revenue forecast on Thursday as the Japanese company expects weaker vehicle sales in emerging Asian countries, where demand for cars has been hit by slowing growth. Slowing sales may knock Toyota from its perch as the world's biggest selling automaker, a title it has held for the past few months after unseating...

  • *Cuts FY rev view to $620 mln- $628 mln from $630 mln- $645 mln. Nov 4- FireEye Inc cut its full-year revenue forecast as a clamp down by United States and China on cyber spying led to lower demand for the company's security products. Shares of FireEye, which also reported lower-than-expected third-quarter revenue on Wednesday, plunged 15 percent in extended trading,...

  • PARIS, Nov 4- French gas and power group Engie warned it would book an asset writedown in the fourth quarter but confirmed its announcement last month that 2015 profit would be at the lower end of its forecast. Engie said nine-month core earnings before interest, tax, depreciation and amortisation fell 7.5 percent to 8.1 billion euros due to the impact of lower oil...

  • Nov 4- Time Warner Inc cut its 2016 adjusted profit forecast, citing a strong dollar, sending its shares plunging more than 8 percent on Wednesday. Time Warner expects the impact of a stronger dollar to be about the same in 2016 as in 2015, at around 50 cents per share, Chief Executive Jeff Bewkes said on a call with analysts. Time Warner's shares were down slightly in...

  • *Porsche sticks with profit forecast, says it could change. BERLIN, Nov 3- Volkswagen on Tuesday said it had understated the fuel consumption of 800,000 cars sold in Europe, while majority stakeholder Porsche Automobil Holding SE warned that VW's latest findings could further weigh on its results. U.S. environmental regulators said on Monday that similar "...

  • DUBLIN, Nov 2- Ryanair nudged up its annual profit forecast on Monday, saying fuller planes would take profits to the upper end of its previously estimated range even as winter competition pressures average ticket prices. The Irish airline, Europe's largest by passenger numbers, raised its full-year profit forecast by 25 percent in early September as lower...

  • Potash Corp shares tumbled more than 4 percent in New York and Toronto trading, and are down more than one-third this year. The company lowered its full-year profit forecast to $1.55- $1.65 per share from $1.75- $1.95. Potash Corp's results and revised outlook point to a deeper-than-expected slump in the potash market, said Alta Corp Capital analyst Peter...

  • The company lowered its full-year profit forecast to $1.55- $1.65 per share from $1.75- $1.95. Chief Executive Officer Jochen Tilk said the company would advance the planned closure of its Penobsquis, New Brunswick mine and shut production in December at three Saskatchewan mines. Potash Corp's results and revised outlook point to a deeper-than-expected...