Global Banking News-October 17, 2016--Saudi Arabia's National Commercial Bank misses
profit forecastsLUFTHANSA 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.
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 their summer sale.
RESILIENT trading in its high street stores helped WH Smith stick by
profit forecasts for the year.
His comments came as he said the group was on course to hit City
profit forecasts of around pounds 470million.
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.
The
profit forecasts include 24 cents per share in spending on investments in irreversible electroporation technology, or IRE.
As initial high hopes for the use of Splenda in US carbonated diet drinks evaporated, analysts slashed
profit forecasts for its year to March 2007 and beyond - only a month after the company had reassured investors in a trading update.
Market forces are pressuring companies to provide year-over-year revenue growth and profitability improvements, while increasing the predictability of revenue and
profit forecasts.
