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Tag: weak
US: Ann Inc cuts Q4 outlook on weak consumer spend
2014-02-06 16:13:00| Daily apparel & textile news and comment - from just-style.com
Women's apparel group Ann Inc has cut its fourth-quarter sales forecast on the back of weak traffic and consumer spending.
Vodafone revenues down 3.6% on weak Europe, forex effects
2014-02-06 08:45:00| Telecompaper Headlines
(Telecompaper) Vodafone Group reported revenues for its fiscal third quarter to December down 3.6 percent from a year earlier to GBP 10.98 billion. On an organic basis, excluding forex effects and acquisitions, revenues were down 4.3 percent, and service revenues fell 4.8 percent to GBP 9.86 billion. The mobile operator continued to suffer from the weak economic climate in Europe, with organic service revenue falling 5.1 percent in the UK, 7.9 percent in Germany, 14.1 percent in Spain and 16.6 percent in Italy. Its emerging markets in Africa and Asia did better, growing revenues 5.5 percent on an organic basis. However, due to negative forex effects, reported revenues there were down 6.1 percent to GBP 3.22 billion. The company started already on its plans for increased investment, with capital expenditure up 20.7 percent year-on-year to GBP 1.81 billion. Free cash flow fell 14.2 percent as a result to GBP 1.03 billion. With the increased investment and growing demand for 4G services, which are now available in 13 of the company's markets, Vodafone said it's confident it can restore revenue growth. The company confirmed its guidance for the full year to March, for adjusted operating profit around GBP 5.0 billion and free cash flow GBP 4.5-5.0 billion. This excldues its 45 percent stake in Verizon Wireless, the sale of which should be completed later this month.
Tags: europe
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If Stocks Slid Because of Weak Auto Sales Then the Market Got It Wrong
2014-02-05 09:57:00| Auto Dealers - Topix.net
If lagging January auto sales contributed to the stock market selloff on Monday, then the market got it wrong because the weak sales are widely attributed to winter weather.
Toyota profit up 5-fold on weak yen, good sales
2014-02-04 23:19:22| Automakers - Topix.net
Toyota Motor Corp. reported a more than fivefold jump in its quarterly profit Tuesday and raised its earnings forecast, crediting a weak yen and strong sales.
United States Steel (X) Dives on Weak Manufacturing Data
2014-02-03 21:53:00| Steel - Topix.net
By midafternoon, shares had taken off 4.4% to $24.97, compared to the S&P 500 's 2.24% drop.
Tags: data
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