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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...

  • Oct 6- Aero parts supplier Honeywell International Inc lowered its 2016 sales and profit forecast, partly due to lower shipments in its aerospace division. The company said it expects 2016 earnings per share of $6.60- $6.64, down from its previous forecast of $6.60- $6.70. Honeywell's core organic sales are now expected to be down 1-2 percent for 2016, compared...

  • 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...

  • swatch.jpg

    Swatch Group warned investors that profit would at least halve in the first half of 2016 as sales fell in Hong Kong and Europe.

  • 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.

  • Ford Motor changes pension reporting

    The automaker will restate its financial results since 2011 and show a $1.5 billion increase in 2015 pretax profit .

  • 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.

  • "The Smiler" rollercoaster, at Alton Towers Resort, U.K.

    A popular UK attractions operator has issued a profit warning ahead of its interim results, after a rollercoaster incident at one of its theme parks.

  • British engineering company Rolls-Royce cut its profit forecasts for this year and next, citing continued weakness in oil and gas markets.