Earnings Profit Warnings

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  • "While the regulatory clarity provided by California, Massachusetts, New Hampshire and New York put many of last quarter's headwinds behind us, we do not expect to be able to make up for the decline in MW booked in Q1 2016," the company said in a statement. SolarCity said net loss attributable to shareholders increased to $25 million, or 25 cents per share, in the first...

  • May 5- Cybersecurity firm FireEye Inc said on Thursday that Chief Executive David DeWalt would step down from that role on June 15 and be succeeded by President Kevin Mandia. Kevin Mandia currently leads the company's Mandiant forensics unit, which has probed some of the biggest cyber attacks to date, including the 2013 holiday attack on Target Corp and the...

  • *Cuts 2016 EPS to 60- 80 cents from 90 cents- $1.20/ share. *Sees Q2 EPS 15- 25 cents vs estimate of 27 cents. Near term, cutting the dividend may be the best option, although Potash should weigh alternatives, such as selling stakes in other fertilizer companies, said Ryan Bushell, portfolio manager at Leon Frazer& Associates, which owns shares.

  • April 28- AbbVie Inc said it would buy privately held oncology company Stemcentrx in a deal valued at $5.8 billion to expand its portfolio of drugs to treat cancer. AbbVie also lowered it full-year adjusted profit forecast to $4.62- $4.82 per share from $4.90- $5.10. AbbVie had bought Pharmacyclics Inc for about $21 billion in March last year, giving it access to...

  • April 28- Symantec Corp, best known for its Norton antivirus software, cut its fourth-quarter profit and revenue forecast below analysts' estimates, and said its Chief Executive Michael Brown will step down. The company cut its revenue forecast to $873 million from a range of $885 million- $915 million, and lowered its adjusted profit to 22 cents per share from 24-...

  • Potash prices have fallen sharply over the past year due to overcapacity, declining farm income and weak currencies in major consumers such as India and Brazil. The company cut its 2016 earnings forecast to 60 cents- 80 cents per share from 90 cents- $1.20 per share. The company's net earnings fell to $75 million, or 9 cents per share, in the three months ended March 31,...

  • The Toronto- based miner reported adjusted earnings of 11 cents a share, up from 5 cents a year ago and ahead of analyst expectations of 11 cents, on average, according to Thomson Reuters I/B/E/S. Barrick cut its forecast for all-in sustaining costs, the industry benchmark, for this year to a range of $760 to $810 per ounce from $775 to $825 before.

  • *Cobham Q1 profit plunges 70 pct to 15 million pounds. LONDON, April 26- British engineering company Cobham launched a 500 million pound emergency rights issue to shore up its balance sheet, after a costly bet on commercial customers forced it into a profit warning, knocking its shares. Cobham, which made its name in aerial refuelling gear for military customers,...

  • TOKYO, April 26- Japan's Canon Inc on Tuesday reported a steeper-than-expected fall in first-quarter operating profit on weaker demand for office equipment in emerging markets and slower global sales of compact digital cameras. For January-March, operating profit dropped 39 percent to 40.1 billion yen, the company said. Canon said it now expects full-year...

  • LONDON, April 26- British engineering company Cobham proposed a 500 million pounds rights issue to strengthen its balance sheet after warning that 2016 profit would fall, pushing the company to reduce its debt. The 500 million pound rights issue, due to take place in the current quarter and fully underwritten on a standby basis by Bank of America Merrill Lynch...

  • LONDON, April 26- British engineering company Cobham proposed a 500 million pounds rights issue to strengthen its balance sheet after profit plunged in its first quarter, pushing it to reduce its debt. Cobham, which specializes in aerial refueling equipment, said on Tuesday that it would start a cost-cutting program after first quarter profit fell by 70...

  • Canada's biggest railroad, which reported a 4.3 percent fall in first-quarter revenue, said it now expected 2016 adjusted earnings per share to match last year's C $4.44. Reduced freight volumes due to a slump in oil prices, a string of bankruptcies in the coal industry and increased competition from trucks have been weighing on railroad operators in Canada...

  • "Infrastructure projects are starting and for the first time in a few years, we're seeing stronger demand from China," said Caterpillar Chief Financial Officer Brad Halverson. The Peoria, Illinois company now expects 2016 earnings per share at $3.00, or $3.70 per share excluding restructuring costs. The company also trimmed its 2016 sales outlook range to $40...

  • Caterpillar now expects 2016 earnings per share at $3.00, or $3.70 per share excluding restructuring costs. The previous forecast was $3.50 per share, or $4.00 per share, excluding restructuring costs. The company also trimmed it its 2016 sales outlook range to $40 billion to $42 billion against a previously forecast $40 billion to $44 billion.

  • The company said it expects 2016 sales in a range of $40 billion to $42 billion against a previously forecast $40 billion to $44 billion. Caterpillar now expects 2016 earnings per share at $3.00, or $3.70 per share excluding restructuring costs. The world's largest heavy machinery manufacturer reported a net income of $494 million, or 67 cents per share in the...

  • The cash consideration of the deal will be increased by 1.75 billion euros, replacing the earn-out option, following feedback from the European Commission, the company said on Thursday. Visa agreed to acquire its former subsidiary Visa Europe Ltd last year, in a deal valued at up to $23.3 billion. The company's net income rose 10 percent to $1.71 billion, or 71...

  • *Forecast drop in 2016 non- OPEC supply is uncertain. LONDON, April 13- OPEC on Wednesday cut its forecast for global oil demand growth in 2016 and warned of further reductions citing concern about Latin America and China, pointing to a larger supply surplus this year. The Organization of the Petroleum Exporting Countries also said top exporter Saudi Arabia kept...

  • WORLD BANK CUTS 2016 DEVELOPING EAST ASIA PACIFIC GROWTH FORECAST TO 6.3 PCT FROM 6.4 PCT PREVIOUSLY, 2017 FORECAST TO 6.2 PCT FROM 6.3 PCT.

  • TOKYO, April 8- Japanese stocks fell on Friday morning after the U.S. dollar plunged below 108 yen for the first time in 1-1/ 2 years, putting exporters to the sword, while a profit warning from apparel giant Fast Retailing also weighed heavily on indexes. Finance Minister Taro Aso issued a fresh warning on Friday, saying that rapid currency moves were undesirable...

  • MOSCOW, April 6- Russia's economy will contract by 1.9 percent in 2016 followed by growth of 1.1 percent next year, the World Bank said on Wednesday, cutting its forecasts to factor in a weaker global oil price. The World Bank said in its latest Russia economic report the projected increase in poverty in Russia in 2016 would be the largest since the 1998-99 crisis,...