Tesco's woeful year continued on Tuesday after the U.K. supermarket issued another profit warning saying that it did not expect full year profit to exceed £1.4 billion ($2.2 billion).
Express results topped the average estimate of analysts surveyed by Zacks Investment Research by a penny per share.
Abercrombie & Fitch cut its full-year profit forecast as higher discounts and efforts to refresh its merchandise failed to attract young customers.
British online fashion retailer ASOS posted a 14 percent fall in annual profit after the strength of sterling hit sales growth.
The investigation into Tesco's accounting errors points so "some failure of corporate governance", CNBC's Catherine Boyle reports.
Bruno Monteyne, senior analyst at Bernstein, says Tesco's accounting error was not a big surprise and that the group is in a "really tricky situation".
Dunkin' Brands reported weaker-than-expected U.S. quarterly same-restaurant sales due in part to a cold and rainy start to the spring season.
Manoj Menon, partner and managing director at Frost & Sullivan, comments on the news that Sony has slashed its profit outlook by over two thirds and says the good news is that the group is getting out of the PC business.
Gavin Oldham, executive chairman of Share Centre, discusses growth in U.K. companies and their prospects.
Keith McGregor, EMEIA restructuring leader at EY, points out that U.K. profit warnings fell to a three-year low in 2013 due to "great momentum" in the first half.
Peter Hutton, energy analyst at RBC Capital Markets, comments on Shell's profit warning and says it is a "reminder" and not new information.
Upscale yogawear retailer Lululemon Athletica cut its forecast for the fourth-quarter due to weak sales in January.
A potential warning to stock investors of weaker-than-expected 4Q-2013 earnings is shaping up to be the most negative on record. USA Today reports.
Sumitomo Mitsui Financial Group said its first-half net profit increased 53% on the year to 5 billion dollars. Sachiko Kishida reports.
Andy Brown, analyst at Panmure Gordon, explains why he keeps his buy stance on Balfour Beatty, despite the company issuing a second profit warning in six months.
CNBC's Adam Bakhtiar looks at shares of Fast Retailing in the daily 'Stock in 60' segment, which swung heavily after releasing Q2 operating profits that missed expectations.
Stacey Widlitz, president of S.W. Retail Advisors and CNBC Contributor, reminds CNBC ahead the release of earnings that Tiffany's has warned of lower profits over the last four quarters and is currently going through a huge deceleration due to a tough competitive market and mismanagement of guidance.
POSCO, the world's No.5 steelmaker by output, reported a 51 percent slump in quarterly operating profit as tepid demand and falling prices offset lower raw material costs helped by a firmer local currency.
Keith McGregor, head of restructuring at Ernst and Young, tells CNBC that the retail sector is omitted from the survey because they successfully reset market expectations to expect lower earnings.
Chris Tinker, equity strategist and founder of Libra Investment Services, tells CNBC that bank profits have rallied but probably have reached their peak for the short-term future.