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Earnings Profit Warnings

  • *Vanquis Bank under investigation by FCA. Aug 22- Provident Financial had almost 2 billion pounds wiped off its market value after its second profit warning in quick succession prompted the departure of CEO Peter Crook and suspension of its dividend. The British sub-prime lender's earnings have been hit by unresolved problems at its door-to-door lending...

  • Aug 9- Mylan NV said on Wednesday that delays in launching key new drugs and eroding prices for generics in the United States will hurt its profitability this year and in 2018.. The company has been dealing with a scandal related to its life-saving EpiPen allergy treatment after the price shot up to more than $600 for a two-pack of the device from less than $100 in...

  • Aug 9- Mylan NV said on Wednesday that delays in launching key new drugs and eroding prices for generics in the United States will hurt its profitability this year and in 2018.. The company's stock price has dropped nearly 20 percent since last week as generic drugmakers like Teva and Endo International Plc have said they are facing weakening prices in the...

  • Aug 9- Mylan NV said on Wednesday that delays in launching key new drugs and eroding prices for generics in the United States will hurt its profitability this year and in 2018, sending its shares down more than 6 percent. Generic drugmakers such as Teva and Endo International Plc have been hit hard by a weakening prices in the United States in the second quarter as...

  • The company lowered its forecast for 2017 adjusted earnings to $4.30 to $4.70 per share from $5.15 to $5.55 per share. Mylan also cut its 2018 earnings per share target from $6.00 to at least $5.40. Rival generic drugmakers such as Teva and Endo International Plc have also lowered their 2017 forecasts, hurt by continued generic drug price erosion.

  • *Lowers FY revenue forecast to $3.38 bln- $3.53 bln. Teva Pharmaceutical Industries Ltd, the world's largest generic drugmaker, last week posted dismal second-quarter results due to the accelerated price erosion in the United States. Cowen& Co analyst Ken Cacciatore said the pressure on Endo's generics was unlikely to relent and any near-term stabilization...

  • Aug 8- Canada's Valeant Pharmaceuticals International Inc cut its full-year revenue forecast, even as it reported a better-than-expected quarterly profit and said it expects to repay more than $5 billion in debt by February. The maker of Bausch+ Lomb contact lenses said on Tuesday it now expects revenue of $8.70 billion to $8.90 billion for the full year, down...

  • *Q2 adj loss of $0.17/ shr vs est loss of $0.16/ shr. Tenet forecast full-year adjusted earnings per share from continuing operations between 69 cents to 99 cents, from its previous forecast of $1.05 to $1.30. The company also lowered its full-year revenue forecast to a range of $19.1 billion to $19.4 billion, from $19.7 billion to $20.1 billion.

  • CALGARY, Alberta, Aug 3- Canadian Natural Resources Ltd posted a higher quarterly profit that topped estimates on Thursday, and cut 2017 capital expenditure by about C $180 million after deferring spending at one of its major oil sands projects. Canadian Natural now expects to spend C $3.9 billion in 2017 and said its 2018 capital budget will be between C $4.3...

  • *BoE keeps Bank Rate at 0.25 pct. LONDON, Aug 3- The Bank of England kept interest rates at a record low again on Thursday and cut its forecasts for growth and wages as it warned that Brexit was weighing on the economy. Governor Mark Carney nonetheless sought to keep alive the possibility of one next year.

  • *BoE keeps Bank Rate at 0.25 pct. LONDON, Aug 3- The Bank of England kept interest rates at a record low again on Thursday and, seeing Brexit weighing on the economy, cut its forecasts for growth and wages. Governor Mark Carney nonetheless sought to keep alive the possibility of one next year.

  • Aug 3- AmerisourceBergen Corp cut its revenue growth forecast for fiscal 2017, adding to the woes of the drug distribution industry as it continues to struggle with drug pricing. The pharmaceutical supply chain, including pharmacy benefit managers and drug distributors, has been under pressure due to intense scrutiny over soaring drug prices.

  • LONDON, Aug 3- The Bank of England kept interest rates at a record low again on Thursday and cut its forecasts for growth and wages as Brexit weighs on the economy. The BoE saw the impact of Brexit-- Britain's leaving the European Union-- dampening household spending power. It now expects Britain's economy to grow by 1.7 percent this year, down from its May forecast of...

  • 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...

  • The agricultural commodities trader, which rebuffed an approach from rival Glencore Plc in May, will "evaluate the best path," CEO Soren Schroder told analysts on a conference call, when asked whether selling the company was an option. Bunge and rivals Archer Daniels Midland Co, Cargill Inc and Louis Dreyfus Co, known as the ABCDs in global grain trading, have been...

  • Aug 2- Bunge Ltd, the U.S. agricultural commodities trader, reported a 34 percent drop in quarterly profit on Wednesday as slow farmer selling in South America hurt margins in its mainstay agribusiness, but forecast a better second half of 2017.. On Tuesday, rival Archer Daniels said slow farmer sales in South America dragged down profits for its soybean...

  • LifePoint lowered its full-year revenue forecast to $6.43 billion to $6.5 billion from $6.5 billion to $6.6 billion. It also cut its full-year profit forecast to $3.92 per share to $4.20 per share from $4.05 per share to $4.34 per share. However, LifePoint shares were up 1.8 percent at $60.40 in early trading on Tuesday after the company's earnings of 96 cents...

  • Shares of Under Armour, which has been ceding market share to Nike Inc and Germany's Adidas AG in North America, fell 6 percent to hit a record low. While brands like Nike, Adidas and Puma are thriving from retro revivals and casual looks, UA has struggled to develop an appealing shoe, " Jane Hali, CEO of retail investment research firm Jane Hali& Associates LLC, wrote in a...

  • NEW YORK, Aug 1- Sprint Corp on Tuesday swung to a quarterly profit for the first time in three years as it slashed costs and added subscribers, sending shares in the No. 4 U.S. wireless carrier higher. Sprint said it cut its cost of services and selling, general and administrative expenses by about $370 million in the quarter and that it expects an additional $1.3...

  • NEW YORK, Aug 1- Sprint Corp on Tuesday swung to a quarterly profit for the first time in three years as the No. 4 U.S. wireless carrier slashed costs and added subscribers. Sprint said it cut expenses by about $370 million in the quarter and that it expects an additional $1.3 billion to $1.5 billion of year-over-year reductions in fiscal 2017..