Earnings Profit Warnings

  • HELSINKI, Oct 12- Finnish engineering company Wartsila warned on Wednesday its 2016 net sales and profitability would be lower than expected due to lower than anticipated power plant deliveries. The company said in a statement it expects net sales to decline by around 5 percent and its operating profit margin to be around 12 percent. Wartsila shares were down...

  • SEOUL, Oct 12- Samsung Electronics Co Ltd on Wednesday cut its third-quarter operating profit guidance to 5.2 trillion won from 7.8 trillion won due to the impact of pulling its Galaxy Note 7 smartphones off the market.

  • STOCKHOLM, Oct 12- Ericsson, the world's biggest maker of mobile network equipment, said on Wednesday its third-quarter profit plunged to just a fraction of analysts' forecasts, with sales in its core networks division slumping nearly 20 percent. The warning deals another blow to the Swedish firm which is firing thousands of staff as it battles a downturn in...

  • Oct 11- Metals company Alcoa Inc, weeks away from splitting into two, on Tuesday reported a quarterly profit that missed estimates and lowered its revenue forecast for the unit serving the auto and aerospace sectors, sending shares down 10 percent. "We are performing well despite the low pricing environment... demanding conditions on the commodity side as well as...

  • Oct 6- Aero parts supplier Honeywell International Inc lowered the upper end of its 2016 sales and profit forecast range, partly due to fewer business jet and general aviation shipments in its aerospace division. Honeywell's shares were down 4.5 percent at $110.40 in extended trading on Thursday. Honeywell expects 2016 earnings per share of $6.60- $6.64, down...

  • The company said on Thursday it expects 2016 earnings per share of $6.60- $6.64, down from its previous forecast of $6.60- $6.70. The company also said it had recast results for the first and second quarter to reflect the adoption of the Financial Accounting Standards Board's accounting standards for stock compensation, ahead of the mandatory effective date in...

  • TEL AVIV, Oct 6- Bank Hapoalim, Israel's largest bank, said on Thursday it would make a further provision estimated at $70 million for settling a U.S. tax evasion investigation which could have "a significant impact" on its third-quarter results. The $70 million would be in addition to $50 million Hapoalim has already set aside for this matter, in which U.S....

  • TAIPEI, Oct 4- Taiwan stocks rose on Tuesday, heading for their second straight session of gains, with banking and technology shares leading the way. However, Hon Hai Precision Industry Co fell 0.1 percent after unit FIH Mobile warned its consolidated net profit would more than halve this year as weaker sales dent business at the Hong Kong- listed company.

  • WASHINGTON, Oct 3- U.S. auto safety regulators said Monday they are opening two new preliminary investigations into 642,000 Ford sport utility vehicles and cars over door latch warning light and steering issues. Ford Motor Co, the second largest U.S. automaker, said last month it was reducing its adjusted full-year pre-tax profit forecast to $10.2 billion from...

  • Sept 29- Canada's SNC-Lavalin Group Inc cut its full-year adjusted profit forecast for its engineering and construction business due to commercial issues in two oil& gas projects in the Middle East. The company said it expected full-year adjusted profit for its core business to be C $1.30 to C $1.60 per share, lower than its previous forecast of C $1.50 to C $1.70.

  • Goldman cuts Q4 crude oil price forecast by $7 on supply glut.

  • Sept 27- Goldman Sachs on Tuesday slashed its fourth quarter 2016 oil price forecast by $7 per barrel, citing a mounting crude surplus that could outweigh any short-term price support from a potential deal among top producers to limit output. The Wall Street bank lowered its fourth-quarter West Texas Intermediate price outlook to $43 a barrel from $50 a barrel.

  • GENEVA, Sept 27- The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States. The new figure of 1.7 percent, down from the WTO's previous estimate of 2.8 percent in April, marked the first time in 15 years that international...

  • LONDON, Sept 21- British finance minister Philip Hammond said on Wednesday he was confident the government has the tools it needs to help the economy as Britain prepares to leave the European Union, after the OECD slashed its growth outlook for 2017.. The Organisation for Economic Cooperation and Development halved its British growth forecast for next year to...

  • Lennar also posted its slowest growth in orders- a key indicator of future revenue- in more than a year as it grapples with choppy demand for higher-priced homes in Houston, where the economy has been hit hard by a two-year downturn in oil prices. The company, however, reported higher-than-expected profit and revenue for the third quarter ended Aug. 31.

  • *FTSE 100 up 1.5 pct. LONDON, Sept 19- British shares gained on Monday, outstripping European peers thanks to a rise in commodity-related stocks, though mid cap Mitie Group slumped nearly 30 percent after a profit warning. Mining companies Anglo American, BHP Billiton, Glencore, and Rio Tinto were all at the top of the board, up between 3.5 to 6.2 percent, benefiting...

  • DETROIT, Sept 14- Ford Motor Co's 2017 financial performance will decline from this year as it increases spending on "emerging opportunities" like self-driving cars and other costs, the No. 2 U.S.-based automaker said on Wednesday. Last week, Ford lowered its 2016 pretax profit forecast to $10.2 billion from at least $10.8 billion because of a charge in the third...

  • DETROIT, Sept 14- Ford Motor Co's 2017 financial performance will decline from this year's results, because of increased spending on "emerging opportunities" and other costs, the No. 2 U.S.-based automaker said on Wednesday. Last week, Ford lowered its 2016 pretax profit forecast to $10.2 billion from at least $10.8 billion because of a charge in the third quarter...

  • Kroger cut its full-year profit forecast to a range of $2.03 to $2.13 per share from the $2.19 to $2.28 it expected earlier. Excluding a charge, the company expects to earn $2.10 to $2.20 per share. Kroger now expects capital investments, excluding some items, to be $3.6 billion to $3.9 billion, down from $4.1 billion to $4.4 billion estimated earlier.

  • Sept 8- Ford Motor Co lowered its 2016 adjusted pre-tax profit forecast to $10.2 billion from the at least $10.8 billion it forecast in July because of a $640 million charge for an expanded vehicle recall, the company said on Thursday. "With this expanded, we now expect our 2016 total company adjusted pre-tax profit to be about $10.2 billion. We continue to expect...