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Canam shares plunge after it missed expectations with slight Q3 earnings increase

2014-10-30 04:36:30| Steel - Topix.net

Structural steel fabricator Canam Group insists it didn't have a bad third quarter even though missed expectations on earnings sent its share price plunging on Wednesday. "Trust me, we've seen bad quarters and this isn't one of them," CEO Marc Dutil told analysts during a conference call.

Tags: increase shares missed expectations

 

Sanofi shares plunge after diabetes drug warning

2014-10-28 13:48:29| Biotech - Topix.net

French drug maker Sanofi saw its stock price plunge Tuesday after it reported a slide in quarterly earnings and warned of pricing pressure on its blockbuster diabetes treatment in the U.S. Net profit slipped 2.4 percent in the third quarter as the maker of the Lantus diabetes treatment booked a higher charge for restructuring at its French operations. The drugmaker reported net profit of 1.9 billion euros in the third quarter, down from 1.22 billion euros a year earlier.

Tags: drug warning shares diabetes

 
 

Alibaba, You're Next: Unilever's China Sales Plunge 20%

2014-10-27 02:15:00| Food - Topix.net

I lived and worked in Shanghai and Hong Kong for almost two decades and now write primarily on China, Asia, and nuclear proliferation. I am the author of two Random House books, The Coming Collapse of China and Nuclear Showdown: North Korea Takes On the World.

Tags: sales china alibaba plunge

 

Tesco's H1 profit plunge: What the analysts say

2014-10-23 13:41:00| Daily apparel & textile news and comment - from just-style.com

In an unsurprising announcement this morning (23 October), troubled UK retail behemoth Tesco posted a 92% decline in first-half profits, weighed down by its higher-than-expected accounting error. While many analysts believe Tesco can now draw a line under its darkest days, views are mixed on how fast a turnaround, if any, is likely for the business.

Tags: say profit analysts plunge

 

Tesco chairman resigns as H1 profits plunge 92%

2014-10-23 13:05:00| Daily apparel & textile news and comment - from just-style.com

Tesco chairman Sir Richard Broadbent has stepped down in light of the accounting error that has resulted in a 92% decline in first-half profit for the troubled UK retail giant.

Tags: chairman profits tesco plunge

 

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