March 11, 2008 |
Health insurer WellPoint Inc. cut its 2008 profit outlook Monday, citing higher-than-expected medical costs and lower-than-expected enrollment, sending shares 18% lower in after-hours trading. The largest U.S. health insurer by membership also cited worsening economic conditions and said it now expected to earn $5.76 to $6.01 a share for the year compared with its previous forecast of $6.41 a share. The revised outlook would reflect profit growth of 4% to 8%. For the first quarter, WellPoint cut its profit forecast to $1.16 to $1.26 a share, from an earlier view of $1.44 a share.
April 15, 2005 |
Avery Dennison Corp., the world's biggest maker of labels, said Thursday that its per-share earnings in the first quarter were about 10 cents below the low end of a previous forecast because inventory reserves increased. The Pasdena-based company had said earnings would be 71 cents to 78 cents a share, before costs associated with a plant closure of about 4 cents. Sales were $1.3 billion, up about 8% from a year earlier and at the low end of a forecast for 8% to 10% growth.
November 29, 2012 |
Shoppers are passing on Tiffany & Co's iconic blue boxes. The jewelry purveyor reported a plunge in third-quarter profit as continued economic uncertainty and high material costs hurt its bottom line. For the third quarter ended Oct. 31, Tiffany reported profit of $63.2 million, or 49 cents per share, down nearly 30% compared to $89.7 million, or 70 cents a share, in the same period a year ago. The New York company, known for its finely crafted trinkets and immortalized in films such as "Breakfast at Tiffany's," also slashed its forecast for the year.
February 7, 2012 |
Earthquakes, floods, a strong Japanese yen - just about everything has conspired to hold Toyota Motor Corp. back. But with the world's No. 3 automaker recovering from the natural disasters and the North American auto market continuing to strengthen, Toyota on Tuesday raised its earnings forecast for its current fiscal year. Toyota manufactures the Camry, the best-selling passenger car in America, as well as the Prius hybrid and other models. It also owns the Lexus brand. The automaker is now forecasting a profit of 200 billion yen ($2.6 billion)
August 13, 2012 |
Forecasters see weaker U.S. growth and a softer labor market than they did three months ago, according to a survey by the Federal Reserve Bank of Philadelphia. Gross domestic product is expected to grow at an annual rate of 1.6% this quarter, down from a previous estimate of 2.5%, according to the Philly Fed's Third Quarter Survey of Professional Forecasters. The survey also found forecasters predict lower inflation and slightly higher unemployment this year. The unemployment rate in 2012 is expected to be 8.2% (it was 8.3% in July, according to the U.S. Labor Department.)
October 9, 2002 |
CVS Corp. said it expects third-quarter earnings to rise as much as 39 cents a share, at the high end of its previous forecast, after shoppers bought more pharmacy items. Analysts expected 37 cents. Shares of CVS rose $1.89 to $25.89 on the NYSE.
September 25, 2007 |
Lowe's Cos., the second-largest U.S. home improvement retailer, said earnings this year might be below its previous forecast of $1.97 to $2.01 a share because dry conditions in parts of the mid-Atlantic, Southeastern and Western U.S. slowed sales of outdoor and garden products. Lowe's shares fell as much as 6.7% after U.S. markets closed.
September 22, 2004 |
Restaurant operator Wendy's International Inc. cut its 2004 earnings forecast, citing hurricanes, higher legal reserves, costlier beef and challenges at its Baja Fresh Mexican Grill chain. The Dublin, Ohio-based fast-food restaurant operator said it expected 2004 earnings per share of $2.25 to $2.30, versus its previous forecast of $2.32 to $2.37. Wendy's shares fell 19 cents to $35.50 on the NYSE.