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Earnings Profit Warnings

  • The healthcare conglomerate said it expects full-year sales of $80.5 billion to $81.3 billion, compared with a prior range of $81.0 billion to $81.8 billion. J&J said it now expects adjusted earnings of $8.07 to $8.17 per share, compared with an earlier forecast of $8.00- $8.20 per share. Net earnings rose to $3.95 billion, or $1.45 per share, in the second quarter,...

  • July 12- Delta Air Lines Inc slashed its full-year earnings forecast on Thursday as fuel costs in the second quarter surged 38.8 percent and the company said it expected $2 billion spike in its fuel bill in 2018.. The No.2 U.S.carrier by passenger traffic cut its full-year earnings outlook to a range of $5.35 to $5.70 per share from $6.35 to $6.70 per share.

  • *Comes as Beijing, Washington move deeper into trade war. BEIJING, July 12- China on Thursday cut its forecast for soybean imports for the 2018/ 19 crop year, warning that higher prices due to trade conflict with the United States would curb demand as farmers switch to alternative ingredients for their animal feed. That compares with its estimate of 95.97 million...

  • BEIJING, July 12- China on Thursday cut its forecast for soybean imports for the 2018/ 19 crop year, warning that higher prices due to Beijing's trade war with Washington will curb demand as farmers switch to alternative ingredients for their animal feed. Imports of soybeans in the crop year that starts on Oct. 1 will be 93.85 million tonnes, down 1.8 million tonnes,...

  • July 10- The world's largest financial broker TP ICAP fired Chief Executive John Phizackerley on Tuesday and warned rising costs would see profit fall short of expectations this year, sending its shares crashing by more than a third. TP ICAP warned underlying operating profit would be hurt by costs of about 10 million pounds related to Britain's EU exit and new...

  • BERLIN, July 5- The International Monetary Fund on Thursday cut its 2018 forecast for German GDP growth to 2.2 percent, saying rising protectionism and the threat of a hard Brexit had exposed Europe's biggest economy to significant short-term risks. "Short-term risks are substantial, as a significant rise in global protectionism, a hard Brexit, or a...

  • IMF CUTS 2018 FORECAST FOR GERMAN ECONOMIC GROWTH TO 2.2 PCT FROM 2.5 PCT; LIFTS 2019 FORECAST TO 2.1 PCT FROM 2.0 PCT.

  • MOSCOW, June 27- Russia's economy ministry has cut its economic growth forecasts, citing a planned increase in value-added tax and the central bank's tight monetary policy, a government source said on Wednesday. The economy ministry now expects gross domestic product to grow by 1.4 percent in 2019 compared with the 1.9 percent growth projected for this year,...

  • *Chairman says Britain unprepared for "no deal Brexit". LONDON, June 27- John Lewis Partnership warned of a big fall in annual profit on Wednesday, deepening a crisis in Britain's department store sector, and said chaos could ensue if the country crashed out of the European Union without a deal. Department stores have been especially hard hit, with House of Fraser...

  • *Shares in IWG fall 2 percent in London. Shares in IWG were down 2 percent at 317.7 pence on Wednesday afternoon after the London- listed business behind the Regus and Spaces brands cautioned that 2018 operating profit would be 15-20 million pounds lower than management had previously expected. Private equity houses Terra Firma and TDR Capital and U.S. firms...

  • June 27- Outsourcing firm Mitie Group Plc said on Wednesday that Britain's financial watchdog had ended an investigation into the timing of a September 2016 profit warning. The Financial Conduct Authority launched an inquiry in August into the timeliness of Mitie's September 2016 profit warning and the preparation and content of its results for the period...

  • LONDON, June 27- IWG, the London- listed serviced office provider at the center of a takeover battle, downgraded its 2018 operating profit forecast by 15-20 million pounds on Wednesday, blaming the cost of opening new space and a weak performance in Britain. The group, which has been approached by private equity firms Terra Firma and TDR Capital and American real...

  • The Financial Conduct Authority had launched an investigation into Mitie in August into the timeliness of a profit warning announced by the company in September 2016 and the preparation of its results for the period ending March 31, 2016.

  • The group, which has been approached by private equity firms Terra Firma, TDR Capital and American real estate investment groups Starwood Capital and Prime Opportunities, said it would add about 6.7 million square feet of new space this year, 17 percent higher than its previous guidance.

  • Akamai said it expects to face a headwind of $3 million and $0.01 per share for second-quarter revenue and earnings respectively. The company now expects adjusted profit in the range of 79 cents per share and 81 cents per share, on revenue of between $658 million and $663 million. In April, Akamai had forecast second-quarter revenue of $658 million to $670...

  • Akamai said it now expects adjusted profit in the range of 79 cents per share and 81 cents per share, compared to a previous range between 79 cents and 83 cents.

  • EPS forecast to $4.15- $4.25 from $4.20- $4.40. "The industry has a lot of tailwind, so some of these issues are unique to Carnival because they have a large fleet and are in so many places," Tigress Financial Partners analyst Ivan Feinseth said. The company said it now expects adjusted earnings of $4.15 to $4.25 per share in 2018, compared with $4.20 to $4.40 estimated...

  • EPS $2.25- $2.29 vs. est. EPS forecast to $4.15- $4.25 from $4.20- $4.40. Carnival said it now expects adjusted earnings of $4.15 to $4.25 per share in 2018, compared with $4.20 to $4.40 estimated previously.

  • The company said it now expects adjusted earnings of $4.15 to $4.25 per share in 2018, compared with $4.20 to $4.40 per share estimated previously. Carnival, which owns the Queen Mary II and Queen Elizabeth cruisers through its Cunard line, said it would take a 19- cent per share hit from the fuel and dollar impacts. Carnival's net revenue rose 10.4 percent to...

  • June 25- Carnival Corp, the world's largest cruise operator, reported a 10.4 percent rise in quarterly revenue on Monday, helped by higher ticket prices and on-board spending, but cut its full-year profit forecast. The company's net income rose to $561 million, or 78 cents per share, in the second quarter ended May 31, from $379 million, or 52 cents per share, a year...