Earnings Profit Warnings

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  • 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,...

  • 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.

  • 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...

  • 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...

  • 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.

  • 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...