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Telekom Austria lowers FY outlook after flat H1

2015-07-16 20:39:00| Telecompaper Headlines

(Telecompaper) Telekom Austria Group lowered its outlook for full-year revenues to flat versus 2014, due to weak economic conditions in its eastern European markets and negative currency effects, especially in Belarus. The company previously expected an around 2 percent increase in annual revenues, but over the first six months of 2015, revenues were flat year-on-year at EUR 1.94 billion. The company said its efforts at cost reductions to offset the weaker revenues had been successful so far, helping EBITDA in the first half rise 7.4 percent to EUR 665 million. Net profit improved to EUR 171 million from a loss of EUR 264 million a year ago when it took an impairment charge for Belarus. Operating cash flow was up 43 percent to EUR 535 million, as capital expenditure declined 16.7 percent to EUR 274 million. Telekom Austria maintained its outlook for full-year capex of EUR 700-750 million and a dividend of 5 cents a share. 

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Genesco lowers outlook on mixed Q4

2015-05-29 17:38:21| Footwear - Topix.net

US apparel and footwear retailer Genesco has revealed fourth-quarter sales that exceeded company expectations but bottom line results that were lower that expected. Sales in the three months to the end of January were up 12.6% to US$893m from $793m in the year ago period.

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Genesco lowers outlook on mixed Q4

2015-05-29 17:06:20| Daily apparel & textile news and comment - from just-style.com

US apparel and footwear retailer Genesco has revealed fourth-quarter sales that exceeded company expectations but bottom line results that were lower that expected.

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Zoetis lowers 2015 revenue outlook

2015-05-06 11:54:28| Biotech - Topix.net

Animal-health company Zoetis Inc. announced plans Tuesday to cut $300 million in costs, including laying off at least 20% of its 10,000 employees, as it reported flat revenues in the first quarter. The company said it would shutter 10 manufacturing plants, eliminate layers of management and abandon some of its 300 product lines that aren't selling well.

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Twitter lowers FY outlook after revenue growth slows in Q1

2015-04-29 09:20:00| Telecompaper Headlines

(Telecompaper) Twitter reported first-quarter revenues of USD 436 million, up 74 percent from the year-earlier figure but lower than the company's guidance of USD 440-450 million. Advertising revenues came in at USD 388 million, up 72 percent from last year's figure of USD 226 million, of which some 89 percent came from mobile accounts. The messaging company's net loss widened to USD 162 million or 25 cents a share from USD 132 million or 23 cents a share a year ago. Adjusted EBITDA exceeded the company's target for Q1, coming in at USD 104 million, up from USD 37 million a year ago, representing an adjusted EBITDA margin of 24 percent. The company had a total of 302 million monthly active users in March, an increase of 18 percent year-on-year, after adding just 14 million users over the last quarter. Around 80 percent of users were on mobile. The company was forced to lower its guidance for annual revenue from USD 2.30 billion to around USD 2.17 2.27 billion, saying that its direct response products were likely to keep underperforming throughout the year.

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