Tag Archives: lowered
Pfizer Q1 profit up, but drugmaker cuts outlook
Pfizer Inc.'s first-quarter net income rose 53 percent despite falling sales, mainly because the world's second-largest drugmaker took big charges a year ago. Pfizer's results fell short of Wall Street's expectations, and the company lowered its profit and sales forecasts for the year, blaming sudden worsening currency exchange rates. Continue reading
Pfizer 1Q profit up, but drugmaker cuts outlook
Pfizer Inc.'s first-quarter net income rose 53 percent despite falling sales, mainly because the world's second-largest drugmaker took big charges a year ago. Pfizer's results fell short of Wall Street's expectations, and the company lowered its profit and sales forecasts for the year, blaming sudden worsening of currency exchange rates. Continue reading
Starbucks raises outlook but shares fall
By Martinne Geller (Reuters) – Starbucks Corp reported higher quarterly profit on Thursday that matched Wall Street estimates and it raised its full-year earnings forecast. The world's biggest coffee chain cited increased sales in the United States, its top market, despite an industry-wide spending downturn in February due to a U.S Continue reading
As US talks up diplomacy, NKorea takes hard line
TOKYO (AP) — The United States and Japan opened the door Sunday to new nuclear talks with North Korea if the saber-rattling country lowered tensions and honored past agreements, even as it rejected South Korea's latest offer of dialogue as a “crafty trick.” Continue reading
CBI Lowers UK GDP Growth Forecast
LONDON (dpa-AFX) – The Confederation of British Industry (CBI) on Wednesday lowered its growth forecast for the economy this year and said that the weak economic developments abroad, particularly … Continue reading
Planes, autos help Alcoa to a quarterly profit
(Reuters) – Stronger demand for aluminum products from airplane and automobile producers helped Alcoa Inc's third-quarter profit beat Wall Street's expectations despite weak aluminum prices and worries about China's slumping economy. Continue reading
Japan Govt. Cuts Economic View For Second Month
TOKYO (dpa-AFX) – The Japanese government on Friday lowered its economic assessment for a second straight month and said the recovery is ‘pausing’ due to slowdown in global economic activity. ‘The… Continue reading
Ahead of the Bell: Autodesk
Autodesk is cutting about 500 jobs and consolidating its leased facilities, which will lead to charges of $40 million to $45 million in its third quarter. The software company’s second-quarter results fell short of Wall Street expectations and it lowered its revenue guidance for the year. Continue reading
