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Earnings Profit Warnings

  • NEW YORK, Oct 20- General Electric Co's third-quarter profit missed Wall Street estimates by a wide margin on Friday and the industrial conglomerate slashed its earnings forecast, sending the year's worst-performing Dow stock down another 6 percent. "We're still waiting for his blueprint," said Deane Dray, analyst at RBC Capital Markets. GE cut its profit...

  • Oct 20- General Electric Co's third-quarter profit missed Wall Street estimates by a wide margin on Friday and the industrial conglomerate slashed its earnings forecast, sending the year's worst-performing Dow stock down another 6 percent. GE reported adjusted profit of 29 cents a share compared with the 49 cents a share analysts had expected, according to a...

  • *Cuts FY adj EPS view to $2.40- $2.50 from $2.40 to $2.60. Oct 19- Slack demand for business jets from America's rich led to Textron Inc paring back its full-year profit forecast on Thursday, but the Cessna and Beechcraft jets maker said it would continue to raise prices even at the cost of sales. Sales in Textron's aviation business decreased 3.7 percent in the third...

  • *Cuts FY adj EPS view to $2.40- $2.50 from $2.40 to $2.60. The firm, which also produces Beechcraft jets, lowered its adjusted profit forecast for 2017 to $2.40 to $2.50 per share from $2.40 to $2.60. But still the 7.2 percent revenue jump to $3.48 billion fell short of analysts average estimate of $3.55 billion, according to Thomson Reuters I/B/E/S.

  • Oct 18- EBay Inc warned Wall Street on Wednesday that profit this quarter could fall below analysts' estimates as it invests in marketing and a revamped website to attract more shoppers, sending shares down more than 5 percent in after-hours trade. Factoring in the higher costs, eBay forecast fourth-quarter adjusted profit, excluding some costs, of between 57...

  • Oct 18- EBay Inc warned Wall Street on Wednesday that profit this quarter could fall below analysts' estimates as it invests in marketing and a revamped website to attract more shoppers, sending shares down more than 5 percent in after-hours trade. Factoring in the higher costs, eBay forecast fourth-quarter adjusted profit, excluding some costs, of between 57...

  • *Regional airline warns that interim profit to fall. LONDON, Oct 18- British regional airline Flybe warned on Wednesday that first-half profit would be lower than expected, sending shares tumbling as higher maintenance costs compounded a tough airline market. "While half-year profits are lower than expected, I am confident that we are still on a clear...

  • AMSTERDAM, Oct 18- Dutch Akzo Nobel, which fended off a 26 billion euro takeover approach from PPG Industries in May, warned on Wednesday that operating profit would not grow this year, the second downgrade to its forecast in the past two months. In July the company had said it was on track to meet a goal of 100 million euros in EBIT growth it had promised as part of its...

  • LONDON, Oct 18- British regional airline Flybe warned on Wednesday that first-half profit would be lower than expected, blaming higher costs related to aircraft maintenance. "While half-year profits are lower than expected, I am confident that we are still on a clear sustainable path to profitability in line with our stated plan," CEO Christine...

  • LONDON, Oct 17- Shares in Merlin Entertainments, operator of tourist attractions such as London's Madame Tussauds waxworks, tumbled around 20 percent on Tuesday after the company warned on profits after a series of militant attacks in Britain. Merlin, which also runs the London Eye, Sea Life and theme parks such as Alton Towers in Britain, said it would not meet...

  • *FTSE 100 down 0.1 percent at close. LONDON, Oct 16- Medical device firm ConvaTec was bruised after a profit warning on Monday, but mining companies stemmed broader losses on the FTSE share index. Britain's FTSE 100 ended the session down 0.1 percent, with basic resource stocks adding the most points to the index.

  • *FTSE 100 up 0.1 pct. LONDON, Oct 16- Medical device firm Convatec was bruised in early deals after a profit warning, but failed to drag down the broader FTSE share index as mining companies cemented British stocks. Britain's FTSE 100 inched up 0.1 percent by 0820 GMT, with basic resource stocks the biggest boost.

  • *Soybeans up after USDA cuts U.S. crop yield estimate. Soybeans climbed as the trade digested Thursday's monthly USDA report, in which the government lowered its U.S. soybean yield estimate to 49.5 bushels per acre, from 49.9 in September, bucking analyst expectations for an increase. The USDA also cut its forecast of the amount of soybeans left at the end of the...

  • *Soybeans up after USDA cuts U.S. crop yield estimate. Soybeans climbed as the trade digested Thursday's monthly USDA report, in which the government lowered its U.S. soybean yield estimate to 49.5 bushels per acre, down from 49.9 in September, bucking analyst expectations for an increase. The USDA also cut its forecast of the amount of soybeans left at the end of...

  • *FTSE 100 down 0.3 pct. LONDON, Oct 13- Britain's major share index ended Friday within touching distance of the previous session's record close, boosted by a late rally in mining stocks but dragged down by gains in the pound and a profit warning from engineering group GKN. The FTSE 100 was down 0.28 percent at 7,535.44 points as Britain's pound rose to an 11- day high.

  • LONDON, Oct 13- GKN warned its annual profit would fall short of expectations, blaming disappointing aerospace trading and two external claims that were expected to cost the British engineering company $53 million. GKN shares fell around 10 percent after a setback that will mean a muted send off for Chief Executive Nigel Stein, who steps down at the end of the...

  • *Soybeans up after USDA cuts U.S. crop yield estimate. Corn was weakened by the USDA's expectation of a larger U.S. crop, while wheat was underpinned by improving export prospects for U.S. supplies. "Soybeans remain in positive territory after the USDA cut its forecast of U.S. harvest yields," said Matt Ammermann, commodity risk manager at INTL FCStone.

  • LONDON, Oct 13- GKN warned on its year profit on Friday citing disappointing aerospace trading and two external claims that were expected to cost $53 million, hammering shares in the British engineering company. Chief Executive Nigel Stein, who steps down at the end of the year, said the surprise claims and a failure to make productivity improvements in its North...

  • *Wheat faces 3rd week of losses, USDA raises supply estimate. SINGAPORE, Oct 13- Chicago soybean futures edged higher on Friday, with the market poised for the biggest weekly gain in more than three months after the U.S. government unexpectedly cut its production forecast. The USDA cut its U.S. soybean yield estimate to 49.5 bushels per acre, down from 49.9 bpa in...

  • CEO Soren Schroder said planned cost cuts should also help improve performance by the agricultural commodities trader after its second straight weak quarterly result. Cargill's restructuring effort has begun to yield higher earnings while Bunge has stumbled as its heavier presence in South America, home to a large share of its elevators and processing...