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Tag: downgrades
Samsung downgrades Q3 profit guidance on Note 7 woes
2016-10-12 14:30:00| Telecompaper Headlines
(Telecompaper) Samsung has revised its guidance for the third quarter downwards, on the back of its woes with the relaunched Galaxy Note 7. The company now expects revenues at KRW 46-48 trillion and the operating profit at KRW 5.1-5.3 trillion. Samsung had earlier guided for revenues at KRW 48-50 trillion and operating profit at KRW 7.7-7.9 trillion.
Tags: note
samsung
profit
guidance
Sony downgrades outlook on writedown of camera modules
2016-04-21 09:25:00| Telecompaper Headlines
(Telecompaper) Sony announced an impairment charge of JPY 59.6 billion on its camera module business, following a downgrade in the outlook for the business. The writedown of the camera activities represents a major setback for Sony, as this was expected to be a key growth area for the company going forward. Most likely the company is suffering from the overall slowdown in the smartphone market. Sony will take the charge in its results for the fiscal fourth quarter to March 2016. This leads to a drop in its operating profit forecast for the full fiscal year to JPY 290 billion from an outlook in January of JPY 320 billion. At the same time the company raised its annual revenue forecast to JPY 8.1 trillion from JPY 7.9 trillion and the net profit forecast to JPY 145 billion from JPY 140 billion, helped by a gain on the revaluation of tax assets in Japan.
Tags: camera
sony
modules
outlook
UBS Downgrades Union Pacific Amid 'Further Revenue Malaise'
2016-04-18 15:49:56| Railroads - Topix.net
Union Pacific Corporation has been facing a mix issue, which has put earnings under pressure. UBS' Thomas Wadewitz downgraded the rating for the company from Buy to Neutral, while reducing the price target from $89 to $88.
Tags: union
pacific
revenue
amid
Zacks Investment Research Downgrades Brown-Forman Co. (BF.B) to Sell
2016-04-12 09:43:50| Food - Topix.net
According to Zacks, "Brown-Forman saw continued soft sales in third-quarter fiscal 2016, lagging estimates for the third consecutive quarter. The top line mirrored the impact of adverse currency fluctuations, which are also expected to linger in the future.
Tags: research
sell
investment
downgrades
Zacks Investment Research Downgrades Marubeni Corp (MARUY) to Hold
2016-04-12 04:37:50| Grocery - Topix.net
According to Zacks, "Marubeni Corporation purchases, distributes, and markets various industrial and consumer goods worldwide. It is involved in importing and exporting, as well as transactions in the Japanese market, related to food, textiles, materials, pulp and paper, chemicals, energy, metals and mineral resources, transportation machinery, and includes offshore trading.
Tags: research
hold
investment
corp
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