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Fast Retailing cuts outlook after Q1 profit slide

2016-01-08 12:17:00| Daily apparel & textile news and comment - from just-style.com

Japanese retailer Fast Retailing has cut its full-year outlook after seeing its first-quarter profit slide, with warm weather hampering sales at its Uniqlo casual clothing brand. 

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UPDATE 2-Cargill 2nd-qtr profit drops 13 pct amid commodities slump

2016-01-08 10:03:39| Food - Topix.net

Global commodities trader Cargill Inc on Thursday reported a 13 percent drop in quarterly earnings before special items, citing lower commodities prices and weaker demand in some markets. A milder-than-normal start to the winter in North America curbed earnings from products such as road salt and pressured prices of natural gas and power, which hurt the privately held company's energy trading results.

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Samsung Q4 profit falls short of expectations

2016-01-08 08:56:00| Telecompaper Headlines

(Telecompaper) Samsung Electronics said its fourth-quarter operating profit rose by 15 percent year-on-year, less than market estimates. In a preliminary report, the company said operating profit rose to KRW 6.1 trillion from KRW 5.29 trillion a year earlier, and quarterly revenues were up 0.5 percent year-on-year to KRW 53 trillion. Full results for the quarter will be released at the end of January. Samsung earlier forecast a difficult year ahead for the electronics giant, due to increasing competition in smartphones and semiconductors and the weak global economy. Especially in emerging markets the company sees financial risks, said CEO Kwon Oh-hyun in a New Year message to employees, media reported. 

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UPDATE 1-Samsung Elec Q4 profit guidance misses expectations

2016-01-08 04:36:57| Electronics - Topix.net

A Samsung logo is seen at Samsung Electronics' headquarters in Seoul, South Korea, December 18, 2015. Picture taken on December 18, 2015.

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UPDATE 1-Samsung Elec Q4 profit guidance misses expectations

2016-01-08 02:05:31| Semiconductors - Topix.net

A Samsung logo is seen at Samsung Electronics' headquarters in Seoul, South Korea, December 18, 2015. Picture taken on December 18, 2015.

Tags: update profit expectations guidance

 

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