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Tag: lowers outlook
Cisco lowers revenue growth outlook
2013-12-13 08:52:00| Telecompaper Headlines
(Telecompaper) Cisco Systems has reduced its mid-term growth forecast to 3-6 percent revenue growth per year, from 5-7 percent previously. The new outlook was given by CFO Frank Calderoni at an investors conference in . The reduced forecast is due to the weaker economic climate, conservative customer budgets and constraints at service providers. At the same time, Cisco continues to see growth in products for the data centre, cloud, mobility and security segments. Growth in these areas will offset expected flat revenues over the next 3-5 years at its core business. In compensation for the weaker revenues, Cisco aims to reduce operating costs as a percentage of sales, to the low 30s from 34 percent last year and 35 percent the previous year. The adjusted operating margin is expected to remain in the high 20s, after a figure of 28 percent the past two years. The company also remains committed to growing cash flow in order to continue its share repurchases. For the current quarter to January, Cisco forecasts revenues down 8-10 percent year-on-year, hurt by the slowdown in emerging markets, product transitions and constricted spending at operators. Over the full year, adjusted EPS is expected little changed, at USD 1.95-2.05 versus USD 2.02 last year.
Tags: growth
revenue
outlook
cisco
Hog Outlook: USDA Lowers Soybean Acres Planted, Harvested
2013-11-11 01:00:00| ThePigSite - Industry News
US - USDA's November WASDE lowered 2013 corn acres planted by 2.1 million, lowered acres harvested by 1.9 million, and boosted yield by 5.1 bushels to 160.4 bushels per acre compared to the September estimates, write Ron Plain and Scott Brown.
Tags: outlook
acres
planted
harvested
US: Crocs lowers Q3 outlook on lower revenue
2013-09-10 17:39:00| Daily apparel & textile news and comment - from just-style.com
Footwear business Crocs has lowered its third quarter earnings and sales guidance on lower-than-expected revenue in the Americas regions.
Tags: lower
revenue
outlook
lowers
US: Crocs lowers Q3 outlook on weaker revenue
2013-09-10 17:39:00| Daily apparel & textile news and comment - from just-style.com
Footwear business Crocs has lowered its third quarter earnings and sales guidance on lower-than-expected revenue in the Americas regions.
Tags: revenue
outlook
weaker
lowers
AUSTRIA: Lenzing lowers outlook on H1 profit drop
2013-08-22 13:37:00| Daily apparel & textile news and comment - from just-style.com
Cellulosic fibre producer Lenzing Group has cut its full-year sales guidance, after reporting a 34.7% drop in first-half profit.
Tags: drop
austria
profit
outlook
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