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Tag: lowers outlook
Ralph Lauren lowers outlook as Q3 profit slides
2015-02-04 17:09:00| Daily apparel & textile news and comment - from just-style.com
US apparel giant Ralph Lauren has booked a drop in third-quarter earnings and lowered its sales and margin outlook as a result of the strong dollar and weak consumer spending.
Tags: profit
outlook
ralph
slides
Qualcomm lowers outlook on order woes, competition in China
2015-01-29 09:16:00| Telecompaper Headlines
(Telecompaper) Qualcomm said revenues for its fiscal first quarter to 28 December rose 7 percent from the year earlier to USD 7.1 billion, with the operating profit jumping 38 percent to USD 2.1 billion, the net profit going 7 percent higher to USD 2.0 billion and diluted earnings per share lifting 7 percent to USD 1.17. The operating cash flow was down 15 percent to USD 2.1 billion, and at the end of the quarter, the company had cash of USD 31.6 billion. MSM chip shipments rose 27 percent to 270 million units, while total reported device sales slipped 8 percent to USD 56.4 billion. CEO Steve Mollenkopf said that despite the strong quarter, the company was lowering its revenue outlook for the semiconductor business for the first half and its EPS forecast. The changes reflect the company's revised expectations related to OEM mix, sales to a large customer and heightened competition in China. Mollenkopf added that Qualcomm resolved its dispute with a licensee in China and that the country continued to present significant opportunities, particularly with the rollout of 3G/4G multimode. Nevertheless, the company is still the subject of an investigation by the China National Development and Reform Commission and Qualcomm continues to believe that certain licensees in China are not fully complying with their contractual obligations.
Tags: order
china
competition
outlook
Bon-Ton lowers outlook and says CFO to retire
2015-01-21 12:26:00| Daily apparel & textile news and comment - from just-style.com
US department store retailer The Bon-Ton Stores has lowered its full-year earnings guidance and announced the retirement of chief financial officer Keith Plowman.
Finish Line Lowers Outlook on Margin Pressure
2014-12-20 04:27:51| Apparel - Topix.net
Finish Line Inc. lowered its earnings outlook for the year on Friday citing margin pressures, a sign sporting-apparel retailers are also feeling the impact of a weak retail environment. Chief Executive Glenn Lyon said the company will adjust its spending plans to protect profitability until the current pricing environment improves.
Tags: line
pressure
finish
outlook
Moody's lowers Amazon outlook
2014-12-01 20:47:18| IT Services - Topix.net
Moody's Investors Service on Monday lowered its outlook for Amazon.com after the online retailer indicated it is planning a notes offering. The Seattle-based company filed a document with the U.S. Securities and Exchange Commission Monday that showed it planned a senior notes offering, although the size and terms were not disclosed.
Tags: amazon
outlook
lowers
moodys
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