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Tag: profit cuts
FMC Cuts Profit Forecast as Real Slump Hurts Pesticide Sales
2015-10-13 20:25:19| Chemicals - Topix.net
Profit excluding one-time items is now expected to be $2.35 to $2.45 a share in 2015, Philadelphia-based FMC said Monday in a statement. Its projection in August was for $3 to $3.30 and the average of 15 analyst estimates compiled by Bloomberg was $3.02.
Joy Global cuts guidance as profit, sales miss
2015-09-03 16:00:48| Industrial Machines - Topix.net
Joy Global Inc. on Thursday reported worse-than-expected profit and revenue for its latest quarter as weak demand for commodities continues to batter the mining-equipment maker. Joy warned in December that 2015 would be another challenging year amid an unfavorable pricing environment and falling industry investment in new equipment.
Tags: sales
global
miss
profit
Tyson Foods cuts profit forecast on weak beef business
2015-08-03 15:58:41| Food - Topix.net
Tyson Foods Inc , the biggest U.S. meat processor, cut its profit forecast for the year ending September, citing export market disruptions in its beef business and high cattle costs. REUTERS: Tyson Foods Inc , the biggest U.S. meat processor, cut its profit forecast for the year ending September, citing export market disruptions in its beef business and high cattle costs.
Tags: business
profit
weak
foods
Ascena cuts FY profit outlook
2015-07-13 12:29:00| Daily apparel & textile news and comment - from just-style.com
US fashion retailer Ascena Retail Group has lowered its fiscal 2015 earnings outlook citing lower-than-expected sales at its Justice and Dressbarn branded stores.
Tags: profit
outlook
cuts
profit cuts
Buffett Endorses Job Cuts for Profit Amid Shareholder Unease
2015-05-04 13:22:58| Food - Topix.net
Berkshire Hathaway Inc. chairman and chief executive officer Warren Buffett, said, "there's no question that waves of layoffs hurt people". Still, he asked: "what would our country be if we kept everyone on the farm?" Photographer: Daniel Acker/Bloomberg Warren Buffett's partnership with 3G Capital, a job-cutting buyout firm that helped him do some of his biggest deals, has hit a nerve with shareholders of the billionaire's Berkshire Hathaway Inc. The first question asked at Berkshire's annual meeting on Saturday came from a Texas shareholder who said he was "suffering heartburn" because of 3G's "brutal" practices at the companies it acquires.
Tags: job
profit
cuts
shareholder
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