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Magna lowers 2018 outlook over uncertainty caused by tariffs, trade negotiations

2018-08-08 18:01:42| Canadian Plastics Headlines

The Canadian automotive parts maker which has manufacturing operations in all three NAFTA countries, China and throughout Europe reduced its estimate for total sales in 2018 by 1.4 per cent from its previous outlook. The post Magna lowers 2018 outlook over uncertainty caused by tariffs, trade negotiations appeared first on Canadian Plastics.

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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.

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Millicom lowers FY growth outlook as sales slow in Q2

2016-07-21 09:28:00| Telecompaper Headlines

(Telecompaper) Millicom has lowered its outlook for annual sales growth due to difficult economic conditions in some of its markets. After organic service revenue growth of only 2.1 percent in Q2, the company now expects only a low to mid single-digit increase over the full year, compared to a previous outlook for mid single-digits. Adjusted EBITDA is still expected to increase in the mid to high single-digits in 2016, despite a 1.6 percent fall in Q2 to USD 560 million in Q2. Total revenues for the quarter were down 5.7 percent to USD 1.572 billion, after currency effects and a 0.7 percent organic decline in Latin America offset 9.2 percent growth in Africa. Ongoing cost-reduction efforts helped the EBITDA margin still improve to 34.5 percent from 33.6 percent a year ago.

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Landstar Lowers First-Quarter Profit Outlook

2016-03-30 18:50:39| Trucking - Topix.net

Landstar System Inc. lowered its first-quarter earnings outlook by as much as 5 cents per share due to higher than expected insurance costs and lower than forecast revenue. The Jacksonville, Florida-based carrier's Securities and Exchange Commission filing said earnings would be in a range of 66 cents to 70 cents per share, down from its previous outlook of 70 cents to 75 cents per share.

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