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Tag: lowers
Bank of England lowers growth forecast
2017-08-03 13:27:55| BBC News | Business | UK Edition
The Bank expects growth of 1.7% this year as rising prices and weak wage growth hurt consumers.
Tags: bank
growth
england
forecast
Gemalto lowers H2 profit outlook on weak Payment and SIM performance
2017-07-24 11:05:00| Telecompaper Headlines
(Telecompaper) Gemalto said that its profit from operations will fall below guidance in the second half of the year, ranging between EUR 200 and EUR 230 million compared with its previous estimate in April of EUR 300-350 million. The company said that revenue for the second quarter declined 9 percent year-on-year at constant exchange rates, impacted by reduced demand for its Payment services in the American market and its SIM business internationally.
Tags: performance
payment
profit
sim
Ericsson cuts deeper after Q2 loss, lowers market forecast
2017-07-18 08:47:00| Telecompaper Headlines
(Telecompaper) Ericsson has decided to further reduce costs beyond its restructuring plan, after reporting another disappointing quarter of losses. CEO Borje Ekholm said the company was not satisfied with its underlying performance in the second quarter and he sees further downside in the market going forward.
Tags: market
loss
ericsson
cuts
Gildan Activewear lowers FY guidance as Q3 profit slips
2016-11-04 11:24:00| Daily apparel & textile news and comment - from just-style.com
Apparel maker Gildan Activewear has lowered its guidance for the full year after booking a decline in third quarter profit, hampered by weak traffic and unseasonably warm weather in its branded apparel sales.
Tags: profit
guidance
slips
lowers
Gemalto lowers 2017 profit target, posts 1% Q3 revenue drop
2016-10-31 09:33:00| Telecompaper Headlines
(Telecompaper) Gemalto lowered its target for 2017 operating profit, with a revised guidance in the range of EUR 500-520 million. In March 2015, the company had raised this target to EUR 660 million from EUR 600 million previously, an increase mainly driven by its acquisition of data protection specialist SafeNet. CEO Philippe Vallee stated that the outlook had worsened for the Mobile business unit and that payment card migration was slower than expected. The company reported third quarter revenue of EUR 753 million, down 1 percent year-on-year at constant exchange rates (compared to an increase of 3 percent in the previous quarter).
Tags: posts
target
drop
profit
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