×

Earnings Profit Warnings

  • PARIS, Aug 31- Shares in Carrefour slumped on Thursday after the world's second-largest retailer warned 2017 operating profit could fall by around 12 percent. Carrefour shares were down by around 10 percent in early trading, among the worst performing stocks in Europe, while Carrefour's French rival Casino also lost ground. Profits also declined as the...

  • PARIS, Aug 31- Shares in Carrefour slumped on Thursday after the world's second-largest retailer warned 2017 operating profit could fall by around 12 percent. Carrefour shares were down by around 10 percent in early trading, while Carrefour's French rival Casino also lost ground. Late on Wednesday, the French supermarket retailer posted a...

  • PARIS, Aug 31- Shares in Carrefour slumped on Thursday after the world's second-largest retailer warned 2017 operating profit could fall by around 12 percent. Carrefour shares were down by around 10 percent in early trading, while Carrefour's French rival Casino also lost ground. Late on Wednesday, the French supermarket retailer posted a...

  • 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. The retail index, one of the worst-performing in Europe this year as competition and structural...

  • Aug 29- Britain's financial watchdog has launched an investigation into Mitie over its 2015-16 results and the timing of a September 2016 profit warning, adding to problems at the outsourcing company as it tries to revive its fortunes. Last month, Britain's accounting watchdog said it was investigating Deloitte over its auditing of Mitie's books.

  • UK- based Sports Direct International Plc, one of Finish Line's top shareholders, raised its stake in the company to 19.9 percent on June 21 from 9.2 percent on May 17, according to a regulatory filing. Finish Line cut its adjusted profit forecast for the fiscal year ending March 3 to 50- 60 cents per share from $1.12- $1.23 per share, and said it expects sales and gross...

  • *STOXX 600 up 0.2 pct at close. *Dixons Carphone plummets 23 pct after profit warning. LONDON, Aug 24- Gains by cyclical sectors helped push European stocks higher on Thursday while heavy losses in Dixons Carphone after a profit warning dominated trading.

  • *STOXX 600 up 0.3 pct at close. *Dixons Carphone plummets 23 pct after profit warning. LONDON, Aug 24- Gains by cyclical sectors helped push European stocks higher on Thursday while heavy losses in Dixons Carphone after a profit warning dominated trading.

  • *FTSE 100 up 0.3 pct, mid caps down 0.2 pct at close. LONDON, Aug 24- Britain's top share index rose on Thursday as shares in Provident Financial and WPP rallied, but a profit warning sent Dixons Carphone tumbling. "Dixons Carphone stoked fresh fears about the health of the UK retail sector with a profits warning amid a tough mobile phone market and lower earnings from...

  • Smucker also lowered its full-year profit forecast to $7.75- $7.85 per share from$ $7.85- $8.05. Net income fell 25 percent to $126.8 million, or $1.12 per share, in the three months ended July 31. Net sales fell to $1.75 billion from $1.82 billion.

  • *FTSE 100 up 0.4 pct, mid caps down 0.2 pct. LONDON, Aug 24- Britain's top share index rose on Thursday as shares in Provident Financial and WPP regained some lost ground, but a profit warning sent Dixons Carphone tumbling. "Dixons Carphone stoked fresh fears about the health of the UK retail sector with a profits warning amid a tough mobile phone market and lower...

  • *STOXX 600 up 0.3 pct. *Dixons Carphone plummets 24 pct after profit warning. LONDON, Aug 24- Gains by cyclical sectors helped push European stocks higher on Thursday, while heavy losses in Dixons Carphone after a profit warning dominated early trading.

  • Retailers in the UK having a tough time

    Ben Ritchie, head of European equities at Aberdeen Standard Investments, weighs in on Dixons Carphone's profit warning.

  • LONDON, Aug 24- Shares in Britain's Dixons Carphone plunged 30 percent after the retailer cut its full-year profit forecast on Thursday, blaming tougher conditions in the mobile market as customers keep their handsets longer. Dixons Carphone, which trades as Currys, PC World and Carphone Warehouse in Britain and Ireland, said currency fluctuations were also...

  • LONDON, Aug 24- Gains by cyclical sectors helped push European stocks higher on Thursday, while heavy losses from Dixons Carphone after a profit warning dominated early trading. Sunrise Communications also gained 4.3 percent after its second-quarter net income more than doubled and Berenberg raised the stock to a "buy". The earnings season in Europe was...

  • LONDON, Aug 24- Britain's Dixons Carphone Plc downgraded expectations for full-year profit on Thursday, reflecting tougher conditions in the mobile market as customers hold on to handsets for longer and currency fluctuations made new devices more expensive. Analysts had on average forecast 495 million pounds, according to Thomson Reuters data.

  • LONDON, Aug 24- Britain's Dixons Carphone Plc downgraded expectations for full-year profit on Thursday, reflecting tougher conditions in the mobile market as customers hold on to handsets for longer and currency fluctuations made new devices more expensive. The retailer said headline pretax profit for the year was expected to be in range of 360 million...

  • Lowe's investments to drive sales include "amplifying our consumer messaging and incremental customer-facing hours in our stores," Chief Executive Robert Niblock said in a statement. Lowe's net income rose to $1.42 billion, or $1.68 per share in the second quarter ended Aug. 4, from $1.17 billion, or $1.31 per share, a year earlier. Excluding one-time items, the...

  • LONDON, Aug 23- WPP, the world's largest advertising group, cut its full-year sales target on Wednesday after consumer goods giants slashed their spending, forcing it to miss half-year targets and sending its shares tumbling. Led by the high profile businessman Martin Sorrell, WPP said it had been hit in June and July as the likes of Unilever, Nestle and others cut...

  • LONDON, Aug 23- WPP, the world's largest advertising group, cut its full-year net sales outlook on Wednesday after it missed first-half targets due to a drop in demand from consumer goods clients and weak trading in the United States. WPP, led by the high profile businessman Martin Sorrell, reported first-half like-for-like net sales down 0.5 percent, below a...