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Earnings Profit Warnings

  • FRANKFURT/ BERLIN, Sept 21- A profit warning from one of the world's largest reinsurers is the latest sign that the death and destruction from a spate of hurricanes and earthquakes in North America are now taking a toll on the titans of global finance. Munich Re last issued such a warning in 2011 after losses from an earthquake and tsunami in Japan, a spokeswoman...

  • Pepper Snapple also said its operations were impacted by hurricanes affecting certain parts of the United States, the Caribbean and the Sept. 19 earthquake in Mexico, but was unable to determine the impact to its results. The write off is expected to impact current-quarter operating income by $7 million to $9 million and profit by $0.03 per share, Pepper Snapple...

  • JOHANNESBURG, Sept 19- The World Bank on Tuesday halved its 2017 growth forecast for South Africa after the economy fell into recession earlier this year. But the bank warned any prospect of recovery would "remain fragile" unless South Africa succeeds in becoming more productive. South Africa is well placed in exports markets but we don't see the country's...

  • AMSTERDAM, Sept 8- Dutch paintmaker Akzo Nobel, which angered investors by fending off a $32 billion takeover approach three months ago, warned on Friday it would not hit the 2017 profit target it promised during an acrimonious battle. Friday's profit warning, which came just hours before the shareholder showdown in Amsterdam, raises more questions about the...

  • AMSTERDAM, Sept 8- Dutch paintmaker Akzo Nobel, which fended off an unwanted takeover approach only three months ago, warned angry investors it would not hit its profit target this year. The profit warning came as Akzo prepared to face investors at an extraordinary meeting in Amsterdam on Friday. The gap remains wide-- Akzo shares were down 2.5 percent at 77.36...

  • Sept 7- Walt Disney Co Chief Executive Bob Iger said on Thursday the company's earnings per share for this year will roughly be in line with a year ago, dragging down shares of media stocks. Disney earned $5.72 per share in fiscal 2016. Iger made the comments at the Bank of America Merrill Lynch 2017 Media, Communications& Entertainment Conference.

  • FRANKFURT, Sept 7- The European Central Bank on Thursday lowered some of its inflation projections to reflect a firming euro but lifted some growth forecasts after the euro zone economy registered its best growth run in a decade. The euro has gained 13 percent against the dollar this year, a mixed blessing for the ECB as it reflects a robust economy but caps...

  • "The positive stock reaction this morning suggests that expectations had already been reset lower, and that the buy-side was looking for something worse than implied by the slight guidance cut this morning," Credit Suisse analyst Allison Landry wrote in a client note. After various operating problems in July and August, CSX Chief Financial Officer Frank...

  • "The positive stock reaction this morning suggests that expectations had already been reset lower, and that the buy-side was looking for something worse than implied by the slight guidance cut this morning," Credit Suisse analyst Allison Landry wrote in a client note. After various operating problems in July and August, CSX Chief Financial Officer Frank...

  • Sept 6- CSX Corp cut its full-year 2017 earnings per share growth forecast on Wednesday and said its operating ratio, a closely watched performance metric, had worsened, in light of service problems this summer that sparked fierce customer blowback. Shares in the No. 3 U.S. railroad were up more than 3 percent in a sign investors had braced for worse news following...

  • Sept 6- United Continental Holdings Inc on Wednesday joined its larger rival Delta Air Lines Inc in cutting its current-quarter forecast for passenger unit revenue, citing lower average fares and higher fuel costs. United Continental's shares were down 3.4 percent at $59.05 in premarket trading. Delta Air on Tuesday cut its forecasts for passenger unit...

  • Sept 6- United Continental Holdings Inc on Wednesday cut its current-quarter forecast for passenger unit revenue, citing lower average fares and higher fuel costs. The company, which owns the No.3 U.S. airline United Airlines, said it now expects the closely watched performance metric to fall about 3 percent to 5 percent in the quarter ending September.

  • Newell is among the first U.S. companies to cut its forecast due to Hurricane Harvey, which made its landfall on Aug. 25 and became the most powerful hurricane to hit Texas in more than half a century. Newell said nearly all of its resin suppliers with facilities in Texas and Louisiana had declared force majeure and shut many plants for more than a week, with some...

  • Sept 6- Sharpie maker Newell Brands Inc cut its adjusted profit forecast for the current quarter due to low supply of resins and an expected rise in costs, both related to Hurricane Harvey. Since Hurricane Harvey's landfall on Aug. 25, nearly all of Newell's resin suppliers with facilities in Texas and Louisiana have declared force majeure, with many facilities...

  • "Aruba continues to perform exceptionally well," said Whitman said on a post-earnings call. HPE said it expected current-quarter profit to be in the range of 26 to 30 cents per share, below analysts' average estimate of 40 cents, according to Thomson Reuters I/B/E/S. The company also lowered its full-year profit forecast to the range of $1.36 to $1.40 per share from...

  • *FTSE 100 ends down 0.5 pct, mid caps edge up. Britain's blue-chip FTSE 100 ended down 0.52 percent at 7,372.92 points, with financials taking most points off the index. Provident, which plummeted 57 percent this month after a profit warning, was the biggest FTSE loser, down 6.5 percent.

  • Sept 5- Delta Air Lines Inc on Tuesday cut its forecast for passenger unit revenue, a closely watched performance metric, for the current quarter due to slower than anticipated recovery in fares for last-minute flights. The No. 2 U.S. airline by passenger traffic said it now expects third-quarter passenger unit revenue, which compares sales to flight capacity, to...

  • *STOXX 600 up 0.8 percent. *Shares log 3rd straight month of losses. LONDON, Aug 31- European shares rose for a second day on Thursday following heavy losses on jitters over North Korea but posted a third straight month of decline, while a profit warning from Carrefour sank the retail sector.

  • PARIS, Aug 31- Shares in Carrefour slumped to a five-year low after the world's second-largest retailer issued a profit warning, highlighting the scale of the challenges its new boss faces in the cut-throat French retail market. Analysts said they expected Alexandre Bompard, who joined in July, to take tough decisions to turn around a weak business in France,...

  • *STOXX 600 up 0.3 pct. *Shares set for 3rd straight month of losses. LONDON, Aug 31- Europe's shares extended their relief bounce on Thursday but were unlikely to avoid a third straight month of losses as they entered the last trading day of an unusually turbulent August, and a profit warning from Carrefour sank the retail sector.