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Macy's full-year profit, sales forecasts miss estimates

2015-02-24 20:41:33| Apparel - Topix.net

Macy's Inc reported a weaker-than-expected rise in sales in the holiday quarter and forecast full-year profit and revenue that missed analysts expectations as the owner of Bloomingdale's invests in new lower-priced and international stores. REUTERS: Macy's Inc reported a weaker-than-expected rise in sales in the holiday quarter and forecast full-year profit and revenue that missed analysts expectations as the owner of Bloomingdale's invests in new lower-priced and international stores.

Tags: sales miss profit estimates

Saab Forecasts Sales Growth as Europe's Defense Spending Revives

2015-02-10 22:44:37| Appliances - Topix.net

Saab AB, the Swedish maker of the Gripen fighter jet, forecast sales growth in the medium term as rising geopolitical tensions spur a revival in military spending among its main customers in Europe. Revenue this year will probably increase more than 5 percent, while the operating margin will probably match the 7.1 percent of sales posted in 2014, the Stockholm-based company said in a statement.

Tags: sales growth defense spending

Gentex Q4 sales gains lag forecasts; stock drops

2015-01-29 11:34:16| Automakers - Topix.net

Gentex Corp., a mirror, camera and electronic component supplier, said its fourth quarter net income rose a disappointing 2 percent while overall revenue jumped 7 percent from a year earlier. "The increase was behind the forecast provided at the beginning of the quarter primarily due to end of year inventory adjustments at certain tier-one automotive customers, that are not expected to continue," Automotive revenue for the quarter jumped 7 percent to $342.4 million, with mirror unit shipments increasing 9 percent from a year earlier.

Tags: sales stock gains lag