Earnings and Losses

Jabil sees Q2 largely below estimates, shares fall

2011-12-20T16:00:13Z

(Reuters) - Contract manufacturer Jabil Circuit Inc posted quarterly revenue below analysts' estimates as its large customers battled inventory pile-ups, and sees lower revenue in the second quarter from its high-velocity segment which services digital products.

Shares of the company were down 4 p...

Navistar CEO sees potential Oshkosh ties

2011-12-20T09:00:06Z

(Reuters) - Navistar International Corp's Chief Executive Dan Ustian reiterated his interest in forging a collaboration with Oshkosh Corp ...

General Mills earnings miss

2011-12-20T06:00:07Z

(Reuters) - General Mills Inc posted disappointing quarterly earnings, hurt by higher ingredient costs, and its shares fell nearly 3 percent, while rival ConAgra Foods Inc topped Reuters) - General Mills Inc reported lower-than-expected quarterly earnings on Tuesday, as higher ingredient costs hurt gross margins.

The maker of Progresso soups and Cheerios cereal reported net income of $444.8 milli...

General Mills' quarterly profit falls

2011-12-20T04:30:39Z

(Reuters) - General Mills Inc reported lower quarterly earnings on Tuesday, as higher ingredient costs hurt gross margins.

The maker of Progresso soups and Cheerios cereal reported net earnings of $444.8 million, or 67 cents per share, for t...

Weaker Euro to hurt Red Hat Q4 revenue, shares fall

2011-12-19T15:30:50Z

(Reuters) - Business software maker Red Hat Inc forecast fourth-quarter revenue largely below analysts' expectations hurt mainly by a weaker euro, sending its shares down 7 percent in after-market trade.

The company forecast current-quarter earnings of 26-27 cents a share on revenue of $289-$292 million. Analysts on average had expected a profit of 26 cents a share on revenue ...

Accenture sounds caution as economy sputters

2011-12-15T16:30:31Z

(Reuters) - Accenture Plc posted strong quarterly results but the technology outsourcing and consulting company's cautious view of the second quarter amid the worsening global economy sent its shares down after market.

For the second quarter, the company forecast revenue of $6.5-$6.8 billion, a wider-than-usual range, to factor in any de...

Adobe results beat Street view, shares rise

2011-12-15T15:30:11Z

(Reuters) - Software maker Adobe Systems Inc released quarterly results that beat Wall Street projections, sending its shares up 3 percent.

The positive surprise came a month after the company announced plans to lay off 7 percent of its staff as it cut back on investment ...

RIM Q3 profit falls; shares drop on outlook

2011-12-15T14:00:31Z

TORONTO (Reuters) - Research In Motion posted a 27 percent drop in quarterly profit on Thursday and said it would ship between 11 million and 12 million Reuters) - Aetna Inc, the third largest U.S. health insurer, raised its estimate for 2011 and 2012 operating earnings per share and said it bought back 40 million shares through Dec 9 this year.

Health insurers have benefited from low claims costs as Americans with coverage delay doctor visits and medical procedures while co-payments and o...

Olympus meets filing deadline to avoid delisting

2011-12-14T15:30:34Z

Scandal-hit Olympus on Wednesday filed its delayed earnings report to the Tokyo Stock Exchange, avoiding an automatic delisting that would have wiped out the value of the 92-year-old company.

Shortly after the Tokyo bourse closed for the day, the company revealed it had lost 32.3 billion yen ($414 million) in th...

Swisscom takes 1.2-bln-franc hit over Fastweb

2011-12-14T09:30:49Z

Telecoms firm Swisscom said on Wednesday it expected a drop in profit this year of 1.2 billion Swiss francs (972 million euros, $1.3 billion) owing to its struggling Fastweb subsidiary in Italy amid tough economic conditions.

The Swiss phone and internet provider said the private customer sector of Fastweb, which it acquired in 2007, had come under pressure in recent months.

Th...

Olympus withdraws earnings forecasts, no H1 dividend

2011-12-13T23:30:08Z

TOKYO (Reuters) - Olympus Corp said on Wednesday that it has withdrawn its annual earnings forecasts and that there will be no H1 dividend.

The scandal-struck medical equipment and camera maker also said in its half-year earnings report that it expects to be able to co...

Avon's Jung loses CEO title

2011-12-13T15:00:24Z

(Reuters) - Avon Products Inc on Tuesday said that it was replacing Andrea Jung as chief executive, a move that comes as the cosmetics company tries to recover from a myriad of problems, including a federal bribery probe and weak sales in key international ...

Intel cuts Q4 outlook on supply shortage

2011-12-12T07:00:20Z

(Reuters) - Intel Corp warned on Monday that its fourth-quarter results would miss the company's previous forecast due to hard disk drive supply shortages.

The world's largest chipmaker said quarterly revenue is now seen at $13.7 billion, plus or minus $300 million, versus $14.65 billion expected by analyst...

Warnings bode ill for earnings

2011-12-11T09:30:13Z

NEW YORK (Reuters) - On top of euro-zone debt troubles, Wall Street now has to worry about sagging sales from Europe as a recession in the region seems more likely.

Warnings from companie...

Air Berlin to keep turning cost-cut screw: report

2011-12-10T14:30:05Z

FRANKFURT (Reuters) - German loss-making airline Air Berlin aims to trim costs by up to 250 million euros (£213.6 million) per year, a German magazine reported, which would be one fourth above its official savings target for 201...

Air Berlin to keep turning cost-cut screw - report

2011-12-10T09:00:07Z

Corporate warnings bode ill for earnings

2011-12-09T20:30:11Z

NEW YORK (Reuters) - On top of euro zone debt troubles, Wall Street now has to worry about sagging sales from Europe as a recession in the region seems more likely.

Warnings from companie...

MetLife expects earnings to rise in 2012

2011-12-05T05:30:19Z

(Reuters) - MetLife expects operating earnings to rise as much as 7 percent in 2012, the largest life insurer in the United States said on Monday, though its forecasts for the fourth quarter and full-year 2011 were below expectations.

MetLife expects 2...

MetLife expects earnings to grow in 2012

2011-12-05T05:00:13Z

(Reuters) - MetLife expects operating earnings to rise as much as 7 percent in 2012, the largest life insurer in the United States said on Monday, though its 2011 forecast was below expectations.

MetLife expects 2011 operating earnings of $5.2 billion ...

Analysis: Earnings outlook may be deteriorating rapidly

2011-12-02T16:00:06Z

NEW YORK (Reuters) - Earnings season is just over a month away, but the early signals are not comforting.

Companies cutting forecasts outpace those raising estimates by the greatest ratio in 10 years, and some sectors, such as materials, have seen a dramatic fall in expectations for the soon-to-be ended fourth quarter, according to Thomson Reuters data.

It is a star...

Malaysia's Petronas profit up 54.3 percent

2011-12-01T19:30:39Z

Malaysian state energy firm Petronas said on Thursday its second-quarter net profit increased 54.3 percent from the year-earlier period, boosted by higher crude oil prices.

Petronas said in a statement that its profit for the three months ending September 30 was 18.35 billion ringgit ($5.84 billion), up from 11.89 billion ringgit in the same quarter last year.

Revenue for the company, Malaysia's only Fortune 500 firm, also incre...

H&R Block reports wider Q2 loss

2011-12-01T14:00:07Z

(Reuters) - H&R Block Inc posted a wider quarterly loss as the largest U.S. tax preparer continued to take charges by disposing of non-core assets.

August-October net loss was $123 million, or 41 cents a share, compared with a loss of $111.4 million, or 36 cents a share, in the year-ago period.

Revenue rose 8 per...

Malaysia's Petronas profit up 48.3%

2011-12-01T12:30:52Z

Malaysian state energy firm Petronas said Thursday its second quarter profit increased 48.3 percent year-on-year due to higher realised prices of crude oil.

Petronas said in a statement that its profit for the quarter ending September 30 was 15.97 billion ringgit ($5.02 billion), up from 10.77 billion ringgit in the same quarter last year.

Its revenue for the quarter also increased 26.0 percent to 71.83 billion ringgit year-on-year despite a "challenging" economic environment...

Kroger profit beats estimates, lifts 2011 forecast

2011-12-01T07:30:08Z

(Reuters) - Kroger Co , the biggest U.S. supermarket chain, raised its forecast for 2011 earnings, helped by strong sales increases at established stores.

The company now expects earnings for the year of $1.95 to $2.00 a share, up from its previous forecast of $1.85 to $1.95. Analysts o...

Kroger raises 2011 profit forecast

2011-12-01T06:30:16Z

(Reuters) - Kroger Co , the biggest U.S. supermarket chain, raised its forecast for 2011 earnings, helped by strong sales increases at established stores.

The company now expects earnings for the year of $1.95 to $2.00 a share, up from its previous forecast of $1.85 to $1.95. Analysts o...

Canada GDP surges 3.5 percent in third quarter

2011-11-30T13:31:06Z

Bucking the trend of major economies, Canada checked in Wednesday with its strongest quarterly growth since the start of 2010.

The Canadian economy grew at an annualized rate of 3.5 percent in the third quarter of this year, led by stronger exports and housing investment, said Statistics Canada.

Analysts had forecast growth of 3.0 percent after last quart...

OmniVision Q2 beats, sees Q3 below estimates

2011-11-29T14:30:23Z

(Reuters) - OmniVision Technologies Inc posted better-than-expected quarterly results, helped by its CameraCube acquisition, but forecast the third quarter below estimates.

The company, which supplies illumination products for smartphones, sees third-quarter adjusted earnings of 5-17 c...

Tiffany sales growth shows signs of slowing

2011-11-29T09:00:18Z

(Reuters) - Concerns about slowing sales momentum took some of the luster off Tiffany & Co's stock amid signs that European and U.S. economic distress are weighing on luxury consumers, and shares fell 9 percent.

The upscale jeweler, a stock market darling for how fast its international business has grown, reported third-quarter earnings that beat analysts' estimates but ga...

Tiffany sees holiday gains, but profit view misses

2011-11-29T05:30:14Z

(Reuters) - Tiffany & Co gave a holiday quarter profit outlook that missed Wall Street expectations, and fears that its gross margin could slip further and the pace of sales gains is slowing sent shares down nearly 7 percent.

The upscale jeweler reported higher-than-expected quarterly earnings, helped by sa...

Tiffany expects holiday sales gains, raises view

2011-11-29T04:30:43Z

(Reuters) - Tiffany & Co raised its full-year profit outlook on the expectation that its sales gains would continue in the holiday season, and it reported higher-than-expected quarterly earnings, helped by sales of more expensive jewelry.

The upscale jeweler expects sales to rise at a low-teens percentage rate for the holiday quarter, but left unchanged its forecast for a ...

Austrian top bank may exit some E. Europe markets

2011-11-24T13:30:34Z

One of central and eastern Europe's biggest banks, RBI, said on Thursday it was "intensively" considering pulling out of individual markets amid concerns the eurozone crisis was hitting the region.

Herbert Stepic, chief executive of Austria's Raiffeisen Bank Internation...

UK third quarter growth estimate unchanged at 0.5%

2011-11-24T07:30:31Z

Britain's economy grew by 0.5 percent in the third quarter, unrevised official data showed on Thursday.

Gross domestic product growth between July and September accelerated from output expansion of only 0.1 percent in the second quarter of 2011, the Office for National Statistics said in a statement.

GDP also ...

Singapore Economy

2011-01-03T06:33:25Z

Skyline of Singapore's financial district, right, and newly opened Marina Bay Sands hotel and casino, left, is seen on a rainy day evening, Monday, Jan. 3, 2011. The city-state's gross domestic product rose 12.5 percent in the October-to-December period from a year ago, compared with a surge of 10.5 percent in the third quarter, the Trade and Industry Ministry said Monday. The econom...

Earns ConAgra Foods

2010-12-21T10:32:00Z

FILE - In this March 24, 2010 file photo, Reddi Wip dairy whipped topping lies in a cooler case for sale at the Heinen's grocery store in Bainbridge Twp., Ohio. ConAgra Foods Inc. said Tuesday, Dec. 21, 2010, a poor consumer response to promotions was part of the reason its fiscal second-quarter net income fell 16 percent, but the results met George Town, Grand Cayman, as the Carnival Valor cruise liner, foreground, and a Celebrity liner sit off-shore. Carnival Corp.'s fourth-quarter net income climbed 29 percent as revenue improved as an economic recovery allowed cruise operators to demand higher prices.(AP ...

Earns Carmax

2010-12-21T06:01:16Z

In this photo taken Monday, Dec. 20, 2010, a potential customer walks past a row of cars for sale at the CarMax dealership in Oak Lawn, Ill. Used car dealership chain CarMax Inc. said Tuesday, Dec. 21, its fiscal third-quarter net income rose more than 10 percent as an uncertain economy continued to boost sales of previously owned vehicles.(AP Photo/M Spencer Green)

...

Earns Best Buy

2010-12-14T06:00:49Z

FILE - In this Nov. 26, 2010 file photo, Best Buy employees Anthony Leary, left, and Oscar Pimentel, foreground right, help customers load a a television into a car in Boston. Electronics retailer Best Buy Co. said Tuesday, Dec. 14, 2010, its third-quarter net income fell...