Earnings Profit Warnings

  • *Pan-European indexes down 0.7 percent. MILAN, June 9- European shares fell for a second straight day on Thursday weighed down by weakness among commodities-related stocks, while Essentra plunged after a profit warning. The pan-European STOXX 600 and FTSEurofirst 300 indexes were both down around 0.7 percent by 1109 GMT.

  • Delta expects an operating profit margin near 21 percent compared with its prior outlook of 21 percent to 23 percent, with passenger unit revenue down around 4.5 percent from a year ago, CFO Paul Jacobson said. JPMorgan analyst Jamie Baker said investors were bracing for higher fuel costs. Delta shares were down less than 1 percent in early afternoon trade on the...

  • Commodity-importing emerging market countries are faring better, but the benefits of lower energy and other goods have been slow to materialize, the World Bank said. "As advanced economies struggle to gain traction, most economies in South and East Asia are growing solidly, as are commodity-importing emerging economies around the world," said World Bank Chief...

  • *Cuts full-year adj earnings forecast to $6.60- $7.00/ share. The Laval, Quebec- based drugmaker expects full-year adjusted earnings of $6.60- $7.00 per share, compared with its previous forecast of $8.50- $9.50, and revenue of $9.9 billion- $10.1 billion, down from $11.0 billion- $11.2 billion. Ruane, Cunniff& Goldfarb Inc, one of Valeant's biggest shareholders, cut...

  • *Cuts full-year adj earnings forecast to $6.60- $7.00/ share. The Laval, Quebec- based drugmaker expects full-year adjusted earnings of $6.60- $7.00 per share, compared with its previous forecast of $8.50- $9.50, and revenue of $9.9 billion to $10.1 billion, down from $11.0 billion to $11.2 billion. The investment firm that runs the Sequoia Fund, long known for its...

  • *Cuts full-year adj earnings forecast to $6.60- $7.00/ share. The Laval, Quebec- based drugmaker expects full-year adjusted earnings of $6.60- $7.00 per share, compared with its previous forecast of $8.50- $9.50, and revenue of $9.9 billion to $10.1 billion, down from $11.0 billion to $11.2 billion. "Negative external attention continues to adversely impact the...

  • *Cuts full-year adj earnings forecast to $6.60- $7.00/ share. The Laval, Quebec- based drugmaker expects full-year adjusted earnings of $6.60- $7.00 per share, compared with its previous forecast of $8.50- $9.50, and revenue of $9.9- $10.1 billion, down from $11.0- $11.2 billion. "Negative external attention continues to adversely impact the business and our...

  • *Cuts full-year adj earnings forecast to $6.60- $7.00/ share. *Shares fall 11 percent to $25.77. The embattled Canadian drugmaker's U.S.-listed shares tumbled nearly 11 percent to $25.77 before the bell on Tuesday.

  • Valeant cut its full-year earnings forecast to $6.60- $7.00 per share from $8.50- $9.50, and its revenue forecast to $9.9- $10.1 billion from $11.0- $11.2 billion. Net loss attributable to the company was $373.7 million, or $1.08 per share in the quarter ended March 31, compared with a profit of $97.7 million, or 28 cents per share, a year earlier. While, Valeant's total...

  • Citigroup CEO expects 25% drop in profits

    At an investor conference in New York, Michael Corbat says he expects flat quarterly profits in the second quarter.

  • HP Inc forecast an adjusted profit of 37- 40 cents per share for the third quarter, largely below the average analyst estimate of 40 cents. The company lowered the top end of its 2016 adjusted profit forecast to $1.65 per share from $1.69, leaving the low end unchanged at $1.59. HP's earnings from continuing operations fell to $660 million, or 38 cents per share, in the...

  • SYDNEY, May 23- Australia's top listed travel agent Flight Centre Travel Group Ltd blamed a global airfare war and upcoming polls in the United States, Britain and at home as it issued a profit warning, sending its shares tumbling. It said that Britain's vote next month on whether to stay in the European Union, along with upcoming general elections in Australia and...

  • UNITED NATIONS, May 12- The United Nations on Thursday said it cut its forecast for global economic growth in 2016 by half a percentage point to 2.4 percent, largely due to downward revisions for Africa, the Commonwealth of Independent States and Latin America. In the CIS region of the former Soviet Union, the report said Azerbaijan, Kazakhstan and Russia will...

  • LONDON, May 12- Commercial broadcaster ITV said companies were holding back from buying advertising in the build up to next month's European Union referendum in Britain, prompting it to lower its forecast for first-half ad revenues. It said, however, that it expected to deliver good profit growth in its first half to end-June, helped by a solid performance from...

  • May 11- Department store operator Macy's Inc reported its fifth straight drop in quarterly sales, missing analysts' estimates again, as customers cut back on buying apparel and a strong dollar discouraged tourists from spending heavily. Shares of Macy's, which also slashed its full-year comparable sales and earnings forecasts, fell 12 percent on Wednesday to...

  • *1st- qtr same-store sales down 5.6 pct vs est 3.2 pct. May 11- Department store operator Macy's Inc reported its fifth straight drop in quarterly sales, missing analysts' estimates, as customers cut back on buying apparel and a strong dollar discouraged tourists from spending heavily. They were set to open at an almost four-year low of $33.76.

  • "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...