BANKING AND CREDIT NEWS-May 3, 2019--Itau cuts profit forecasts
M2 EQUITYBITES-May 3, 2019--Itau cuts profit forecasts
Global Banking News-May 3, 2019--Itau cuts profit forecasts
Japanese automaker Honda said yesterday its cost-cutting efforts boosted profits even as overall revenue slumped, allowing it to upgrade annual profit forecasts
in the face of a higher yen.
LUFTHANSA sent a chill through the European airline industry after it cut profit forecasts
for two years and warned over falling fares on its European and American routes.
The latest profit forecasts
are improvements on the September forecast which anticipated an industry net profit of $11.7 billion in 2013 increasing to $16.4 billion in 2014.
The Irish group, which has routinely beaten profit forecasts
in recent years, said it now expects its full-year net profit to be at the bottom end of its previously guided range of 570-600 mln euros ($750-789 mln).
FASHION firm Next upped profit forecasts
again yesterday after scaling back its summer sale.
RESILIENT trading in its high street stores helped WH Smith stick by profit forecasts
for the year.
German group Lufthansa (LHAG.DE) and Air France-KLM (AIRF.PA) have cut profit forecasts
after being hit by fuel cost rises and slashed plans to expand in 2012.
Japanese video games giant Nintendo slashed its profit forecasts
after it confirmed its new 3D handheld console will not be released before Christmas.
But the retailer lowered its full-year sales and operating profit forecasts
, citing sluggish consumer demand and a decline in average customer spending due to lower-priced products.