January 21, 2005 |
Sony Corp. on Thursday lowered its revenue forecast, citing continued sluggish sales of the televisions, portable music players and video cameras that made it a consumer electronics powerhouse. The Tokyo-based electronics and entertainment giant said revenue for its fiscal year ending March 31 would be $69.2 billion, down 5% from $73 billion the previous year and off 3% from its forecast in October of $71.1 billion. Sony shares fell $1.69, or 4%, to $37.11 on the New York Stock Exchange.
September 25, 2001 |
JDS Uniphase Corp. shares leaped 19% on Monday after the maker of fiber optic equipment said it sees positive signs that its industry is stabilizing and predicted quarterly sales figures at a time when industry forecasts are rare. JDS said it expects sales for its fiscal first quarter ending Sunday will be about $325 million, in keeping with previous statements that revenue in the quarter would be below earlier guidance of $450 million.
June 24, 2003 |
Unilever, the world's largest maker of food and soap, trimmed its full-year sales forecast after revenue failed to pick up in the second quarter. The stock posted its biggest drop in three years. The British-Dutch company expects sales of its 400 top brands such as Knorr soup to grow about 4% this year, down from its previous expectation of 5% to 6%, Unilever said. Earnings still should rise by at least 10% for the year, the company said.
October 27, 2009 |
Limited Brands Inc., owner of the Victoria's Secret chain, fell in late trading after cutting its forecast for this month's comparable-store sales. Limited fell $1.82, or 9.3%, to $17.67 after the end of regular trading. The shares closed up 27 cents at $19.49 and have gained 94% this year. October sales at stores open at least a year will decline by a percentage in the low to mid single digits, Columbus, Ohio-based Limited said. The retailer, which had predicted comparable-store sales would be about unchanged, didn't provide a reason for the revised forecast.
September 27, 2001 |
General Motors Corp. plans to reduce its fourth-quarter industry sales forecast because this month's terrorist attacks deepened a slowdown in demand for cars and trucks. The largest auto maker will scale back its estimate of annualized U.S. sales an unspecified amount from about 16 million, chief economist Paul Ballew said. Industrywide sales of new cars and light trucks slowed as much as 37% after attacks on the World Trade Center and Pentagon, J.D. Power & Associates said.
November 15, 2007 |
Macy's Inc., the owner of its namesake chain and Bloomingdale's, said Wednesday that it had a fiscal third-quarter profit after limiting expenses. The retailer cut its fourth-quarter sales forecast, sending the shares down the most in more than five years. Macy's reversed a year-earlier loss as costs to integrate the May Department Stores Co. locations it acquired shrank to $17 million from $145 million.
September 21, 1989 |
Allergan Inc. has been hit by a flurry of shareholder lawsuits alleging that the Irvine-based company gave an overly optimistic portrayal of its business prospects before its emergence two months ago as a publicly traded firm. The suits were filed in federal courts in Philadelphia and Santa Ana following Allergan's downward revision Sept. 6 of its sales growth forecast for 1989 from the "mid-teens" to the "double-digit" range.
December 5, 2003 |
Intel Corp. said Thursday that its fourth-quarter revenue would be $8.5 billion to $8.7 billion -- the high end of its previous forecast of $8.1 billion to $8.7 billion -- thanks to strong holiday sales of laptop computers and other electronic items. Some analysts had hoped for a higher estimate from the world's largest computer chip maker, but "Intel is traditionally very conservative and tends to keep people's expectations down," said Graham Tanaka of Tanaka Capital Investments in New York.
April 4, 2002 |
Dell Computer Corp. said Wednesday that fiscal first-quarter sales will exceed forecasts and profit will meet targets, as the world's biggest personal-computer maker wins business from rivals and reduces costs. Revenue in the period ending May 3 will be about $7.9 billion. Dell in February said it would earn 16 cents a share on sales of $7.65billion to $7.82 billion. Chairman Michael Dell has predicted that corporate PC sales will revive in the second half.
May 24, 2006 |
Computer Sciences Corp. said Tuesday that fourth-quarter profit fell from the year-earlier period, which was aided by divestitures. Sales this quarter will trail analysts' estimates. Net income dropped 52% to $199.4 million, or $1.05 a share, from $411.8 million, or $2.13, a year earlier, the El Segundo-based company said. Sales were little changed at $3.88 billion in the period ended March 31. Fourth-quarter profit excluding certain costs was $1.16 a share.