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BUSINESS
March 8, 2002 | Associated Press
Chip maker Intel Corp. tightened the range of its first-quarter sales forecast, saying demand for PC processors remains stable but the communications chip business is weak. The Santa Clara, Calif., company said it expects revenue to be $6.6 billion to $6.9 billion--within the company's previous guidance of $6.4 billion to $7billion for the period. Analysts are expecting sales of $6.77 billion for the first quarter, according to a survey by Thomson Financial/First Call.
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BUSINESS
November 1, 2013 | Tiffany Hsu
Count on coal this Christmas. That's what researchers at Morgan Stanley are saying in the first major forecast of a decidedly dour holiday season. Retailers hoping for a respite from a year of so-so shopping can instead expect the worst Thanksgiving-to-Christmas sales since 2008, the financial services firm said Thursday. Five years ago, the industry was free-falling into recession. This year, a new collection of worrisome economic conditions looms as stores gear up for a period that can sometimes account for 40% of annual revenue.
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BUSINESS
February 21, 2002 | Bloomberg News
Fairchild Semiconductor International Inc., which makes chips for mobile phones and personal computers, boosted its first-quarter sales forecast as demand from PC and consumer-products makers rises. Sales will be little changed from the fourth quarter's $324.6 million, the company said after forecasting a drop of 3% to 5% previously. Demand in the first seven weeks of the first quarter has been strongest for newer products, Fairchild said. In the fourth quarter, sales fell 31%.
BUSINESS
September 18, 2013 | By Stuart Pfeifer
Investors have been battering the company that owns the Redbox DVD kiosks after the company cut its forecast for third-quarter and full-year earnings because customers are keeping movies fewer days. Outerwall Inc. shares are down 13% from Monday's close and have lost 26% since reaching a 52-week high on July 25. The company, which also operates Coinstar coin-counting kiosks, said Tuesday that its revenue has been lower than expected because of a promotional discount campaign and because people kept movies for fewer nights in August.
BUSINESS
August 8, 2008 | From Times Wire Services
Dana Holding Corp., the vehicle-axle and frame maker that emerged from bankruptcy protection in February, lowered its sales forecast and announced plans to cut 3,000 jobs this year after posting a wider second-quarter loss. Toledo, Ohio-based Dana lost business as output of pickups and sport utility vehicles at Ford Motor Co., General Motors Corp. and Toyota Motor Corp. fell, paring demand for the supplier's parts.
BUSINESS
March 12, 1999 | Reuters
Major auto makers raised their expectations for sales in 1999, as low interest rates and a strong economy prompt more consumers to buy vehicles. Ford Motor Co. raised its industrywide forecast for sales to a range of 15.5 million to 16 million, up 500,000 from its previous expectations. DaimlerChrysler said it boosted its forecast to 15.8 million units from 15.6 million. A spokesman for General Motors Corp. said the No. 1 auto maker last week increased its sales forecast for the industry to 15.
BUSINESS
July 18, 2001 | Bloomberg News
Veritas Software Corp., a maker of computer programs for data storage, cut its sales forecast for the year, the second time since April, blaming the slow economy. The news sent Veritas shares down 14% to $43.47 in heavy after-hours trading. The shares had closed up $3.26 at $50.42 on Nasdaq before the announcement. Chief Executive Gary Bloom said he expects sales to grow 25% to 35% this year, below a previous forecast of 35% to 50%. Last year, Veritas said sales grew 72% to $1.2 billion.
BUSINESS
March 28, 2006 | From Bloomberg News
Market researcher IDC cut its forecast for U.S. personal computer sales this year because of less spending by government agencies and Microsoft Corp.'s delayed operating system. IDC predicts 2006 growth of 6.7% to 68.2 million PCs shipped. That's down from a November forecast of 8.7% growth to 69.5 million PCs, the Framingham, Mass.-based company said.
BUSINESS
October 23, 2007 | From Times Wire Services
Target Corp. cut its October forecast, saying sales at stores open at least a year might rise no more than 4%. Same-store sales will increase 2% to 4% for the four weeks through Nov. 3, the Minneapolis-based company said. Target had projected a gain of 3% to 5%. Comparable sales at Target rose 3.9% in the same period last year. Target said "greater than normal daily volatility and continued disappointing sales results" prompted it to lower the forecast.
BUSINESS
June 22, 2000 | Bloomberg News
Shares of Akamai Technologies (AKAM), which sells a service to speed the delivery of Internet content, rose 23% on Wednesday after a Chase H&Q analyst predicted sales will double in the next year. Akamai surged $21.38 to $115.38. The Cambridge, Mass.-based company, which first sold stock to the public at $26 in October, reached a high of $345.50 in January amid the frenzy for Internet issues.
AUTOS
December 7, 2012 | By Jerry Hirsch
U.S. auto sales could approach 16 million next year if the federal budget crisis is resolved without an economic shock. Edmunds.com economist Lacey Plache said there's enough demand and consumer interest to drive sales up by at least 1 million vehicles next year to the 15 million to 16 million range. “Consumer spirits are good,” Plache said. The wrinkle right now is big business, which has taken a cautious approach to expansion while waiting for Congress and the Obama administration to come up with a plan to avoid the so-called fiscal cliff --  mandatory federal budget cuts that many economists believe could toss the U.S. economy into another recession.
BUSINESS
August 4, 2012 | By Jerry Hirsch, Los Angeles Times
Despite a recession in Europe and a shaky economy in North America, Toyota Motor Corp. is having a good year. So good that the Japanese automaker raised its estimate for the number of cars it will sell globally this year to a record 9.76 million, up 23% from last year. That would guarantee that Toyota would surpass General Motors Co. to regain its spot as the world's largest automaker. A host of new models and a rebound from the production and inventory problems caused by the Japanese earthquake and tsunami last year are responsible for Toyota's gains.
BUSINESS
March 30, 2012 | By Jerry Hirsch
While stronger-than-expected auto sales are prompting industry analysts to raise their forecasts of how many cars Americans will buy this year, automakers are simply raising prices. Toyota Motor Corp. said it will take a midyear price increase of $90 to $250 on six models starting with vehicles produced in May. Depending on the model, the increase represents a hike of 0.3% to 1.5%. The models receiving price increases include the 2012 Toyota Prius v, Camry and Camry Hybrid, Highlander Hybrid, Tacoma pickup truck and the 2013 Scion tC. They are all fuel-efficient vehicles, which so far this year have been the hottest segment of the U.S. auto market, a result of how higher gas prices have shifted consumer preferences.
BUSINESS
August 19, 2011 | By Jerry Hirsch, Los Angeles Times
The sluggish economy is pushing analysts to slash their forecasts for auto sales this year. "Without a significant increase in incentive levels or a reversal of the economic woes, there isn't a compelling reason for those consumers sitting on the fence to return to dealer showrooms and purchase a vehicle," said Jeff Schuster, chief forecaster at J.D. Power & Associates. Schuster said plenty of people who have delayed purchases either need or want to buy new cars but are spooked by "economic and financial uncertainty.
BUSINESS
August 15, 2011
Volatile weather and shoppers' worries about the economy muted demand during Lowe's key early-summer selling season, leaving its second-quarter net income nearly flat, the nation's second-largest home improvement retailer said Monday. Lowe's Cos. lowered its sales forecast for the second half of its fiscal year due to consumers' uncertainty, CEO Robert Niblock told The Associated Press. Niblock cited three factors likely to hurt spending: the debate in Washington this month over the debt ceiling, the subsequent downgrade by Standard & Poor's of the nation's credit rating and the recent stock market fluctuations.
BUSINESS
July 8, 2011 | By Andrea Chang, Los Angeles Times
Retailers beat June gloom last month, delivering surprisingly strong sales results thanks to lower gas prices, widespread discounting and warm weather, which led many shoppers to hit the stores for summer clothing. With the important back-to-school season next on the retail calendar, consumers gave merchants the kind of month they had been hoping for after a good but not great first half of the year. Combined with better-than-expected labor market data Thursday, the retail report led to a stock market rally and helped lift optimism a day before U.S. employment figures were released.
BUSINESS
December 21, 2000 | Bloomberg News
RealNetworks Inc. reduced its forecast for fourth-quarter sales and earnings, citing a slowdown in Web-related spending. The maker of Internet media software said profit will be 2 cents a share on revenue of $58 million to $60 million. Analysts on average were expecting earnings of 4 cents, according to First Call/Thomson Financial. Sales had been forecast at $73.6 million, the average analyst estimate from IBES International Inc. RealNetworks also cut its targets for next year's results.
BUSINESS
April 27, 2011
Broadcom Corp., the biggest maker of chips for television set-top boxes, declined after the company forecast second-quarter revenue that missed analysts' estimates, citing a slowdown in sales to mobile-phone makers. The shares dropped $3.34, or 8.3 percent, to $37.07 as of 8:19 a.m. New York time in early Nasdaq Stock Market trading. The stock fell 7.2 percent this year before today. Broadcom's wireless and consumer-electronics customers are facing steeper competition, with Nokia Oyj and Samsung Electronics Co. each reporting lower profit in the recent quarter.
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