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Oil Slump Pushes S&P 500 Toward First Profit Decline Since 2009

2015-04-06 13:05:12| Oil & Gas - Topix.net

Tumbling oil prices and a stronger dollar are pushing down U.S. corporate profits for the first time in more than five years, hurting companies from Exxon Mobil Corp. to Wal-Mart Stores Inc. First-quarter earnings per share for companies in the Standard & Poor's 500 Index may have fallen about 5.8 percent, according to estimates compiled by Bloomberg, in the first year-over-year decline since 2009's third quarter. As earnings season gets its unofficial start this week with Alcoa Inc., the biggest drag will come from a 63 percent profit decline at energy companies.

Tags: oil profit decline pushes

 

Asos H1 profit drop: What the analysts say

2015-04-01 16:52:00| Daily apparel & textile news and comment - from just-style.com

Despite a double-digit decline in profit, weighed down by higher levels of investment, Asos's first-half performance remained in line with expectations. With an upbeat outlook from management, analysts believe long-term confidence will be restored at the online fashion retailer and its reaffirmed full-year guidance will be met.

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Monsanto posts 2Q profit, results miss Street expectations

2015-04-01 15:00:04| Chemicals - Topix.net

The St. Louis-based company said it had profit of $2.92 per share. Earnings, adjusted to account for discontinued operations, came to $2.90 per share.

Tags: results street posts miss

 

Asos H1 profit dips on investments

2015-04-01 14:39:00| Daily apparel & textile news and comment - from just-style.com

Online fashion retailer Asos beat analyst expectations with its first-half results, but saw pre-tax profits fall on higher investment levels.

Tags: profit investments dips asos

 

Asos upbeat despite 10% profit fall

2015-04-01 10:01:03| BBC News | Business | UK Edition

Online fashion retailer Asos reports a 10% fall in half-year profits, but says it is confident of hitting its full-year profit target.

Tags: fall profit upbeat asos

 

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