Earnings Profit Warnings

  • *2018 profit before tax at $19.9 bln versus $22 bln estimate. HONG KONG/ LONDON, Feb 19- HSBC Holdings turned in a disappointing annual profit as higher costs and a stocks rout chipped away at its trading businesses, while warning that an economic slowdown in China and Britain would throw up further hurdles this year. In June, Flint had said HSBC would invest $15- $17...

  • *Growth this year now seen at 2.27 pct, not 2.41 pct. TAIPEI, Feb 13- Taiwan's government trimmed its 2019 economic growth forecast on Wednesday, showing that slowing global expansion and weaker tech demand are denting the island's pivotal exports and outlook. Aidan Wang, Cathay Financial Holdings economist, said the reduced 2019 forecast was "still too...

  • Feb 11- Canadian construction and engineering firm SNC-Lavalin Group Inc on Monday cut its full-year profit forecast for the second time, citing dispute with a client related to a mining project in Latin America. SNC did not name the customer, saying the matter was confidential, but analysts said the dispute was related to one of the company's projects with...

  • Feb 11- Canadian construction and engineering firm SNC-Lavalin Group Inc on Monday cut its full-year profit forecast for the second time because of a dispute related to its mining and metallurgy project in Latin America. The company now expects its 2018 adjusted profit to be in the range of C $1.20 to C $1.35 per share, down from the prior forecast of C $2.15 to C...

  • *EU cuts euro zone growth forecast, slashes Italy outlook. LONDON, Feb 7- Germany's 10- year bond yield sank on Thursday to its lowest level in over two years, taking a step closer to zero percent, after sharp cuts to the European Commission's growth and inflation forecasts fuelled concern about the economic outlook. Germany's 10- year bond yield fell over 5 bps to...

  • *EU cuts euro zone growth fcast, slashes Italy outlook. LONDON, Feb 7- Germany's 10- year bond yields sank on Thursday to their lowest level in over two years, taking a step closer to zero percent, after sharp cuts to the European Commission's growth and inflation forecasts fuelled concern about the economic outlook. Germany's 10- year bond yield, the benchmark for...

  • *Sterling shade lower ahead of Bank of England policy meeting. LONDON, Feb 7- The euro fell to a two-week low on Thursday after the European Commission sharply cut its forecasts for economic growth in the euro zone. Global trade tensions and growing public debt are hastening a slowdown in the largest countries of the bloc, complicating the European Central Bank's...

  • LONDON, Feb 7- German bond yields sank on Thursday to their lowest level in over two years after the European Commission cut growth and inflation forecasts, likely complicating the European Central Bank's plans for an interest rate hike this year. Germany's 10- year bond yield, the benchmark for the bloc, dropped more than three basis points to 0.128 percent, its...

  • BRUSSELS, Feb 7- The European Commission sharply cut on Thursday its forecasts for economic growth in the euro zone this year and next because of an expected slowdown in the largest countries of the bloc caused by global trade tensions and growing public debt. Growth in the 27- nation European Union- without Britain which is planning to leave in March- is expected...

  • TOKYO, Feb 5- Panasonic Corp shares fell almost 6.5 percent on Tuesday after the electric vehicle battery maker reported a drop in quarterly earnings and cut its full-year outlook, just as EV partner Tesla Inc branched out in battery tech. The Japanese firm on Monday chopped 9 percent from its operating profit outlook after booking a 19 percent drop in...

  • Teck said results of its energy business and Trail operations, as well as inventory valuations, would reduce quarterly earnings by C $0.30 per share and earnings before interest, tax, depreciation and amortization by C $195 million. Teck's fourth-quarter earnings per share was expected to be C $1.10, according to Refinitiv IBES data. The Vancouver- based...

  • Teck said results of its energy business and Trail operations, as well as inventory valuations, would reduce quarterly earnings by C $0.30 per share and earnings before interest, tax, depreciation and amortization by C $195 million.

  • Jan 28- Canadian construction and engineering firm SNC-Lavalin Group Inc cut its full-year 2018 profit forecast on Monday, citing ongoing trade challenges in Saudi Arabia as well as a problem with a project in its mining and metallurgy unit, sending its shares down as much as 31 percent. "Inter-governmental relations between Canada and Saudi Arabia, together...

  • Jan 28- Canadian construction and engineering firm SNC-Lavalin Group Inc cut its forecast for full-year 2018 profit on Monday, citing ongoing trade challenges in Saudi Arabia as well as a problem with a project in its mining and metallurgy unit, sending its shares down as much as 31 percent. "Inter-governmental relations between Canada and Saudi Arabia,...

  • Jan 28- Canadian construction and engineering firm SNC-Lavalin Group Inc cut its forecast for full-year 2018 profit on Monday, citing a problem with a project in its mining and metallurgy unit, as well as ongoing trading challenges in the Middle East and Saudi Arabia. "Inter-governmental relations between Canada and Saudi Arabia, together with unpredictable...

  • Jan 28- Canada's SNC-Lavalin Group Inc cut its forecast for full-year 2018 profit on Monday, citing a problem with a project in its mining and metallurgy unit, as well as ongoing trading challenges in the Middle East and Saudi Arabia. The company now expects full-year adjusted profit to be between C $2.15 and $2.20 per share, down from its previous forecast of...

  • Jan 25- AbbVie Inc on Friday posted a lower-than-expected quarterly profit and forecast weak earnings for 2019, as the drugmaker's top-selling drug, Humira, faces competition from cheaper versions in Europe. However, in November, AbbVie lowered its forecast for overseas sales of Humira, citing stiff competition in Europe from companies such as Mylan NV and...

  • Jan 25- Britain's IQE joined several other semiconductor companies in issuing a bleak earnings forecast, highlighting broader technology sector weakness as China's economy slows. Friday's announcement by IQE, which makes semiconductor wafers for chips used in Apple products among others, comes on the heels of warnings from the iphone maker and Samsung...

  • Jan 25- Britain's IQE joined several other semiconductor companies in issuing a bleak earnings forecast, highlighting broader technology sector weakness as China's economy slows. Friday's announcement by IQE, which makes semiconductor wafers used in Apple Inc products, comes on the heels of warnings from the iphone maker and Samsung Electronics, as well as...

  • TOKYO, Jan 23- The Bank of Japan kept monetary policy steady on Wednesday and cut its price projections, bolstering market views it is in no position to rush an exit from its massive stimulus program, despite the costs of prolonged easing. The decision on maintaining its interest rate targets was made by a 7-2 vote with board members Goushi Kataoka and Yutaka...