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Latest in Michelin Lowers Guidance After Sales Fall

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  • Michelin Lowers Guidance After Sales Fall

    The market downturn in Europe was caused by customers’ weaker purchasing power due to high interest rates and uncertainties over the pace of the transition to electric vehicles, Michelin said.
    Business - The Wall Street Journal - October 23

  • Honeywell’s stock falls as sales miss and lowered guidance offsets profit beat

    Honeywell International Inc.’s stock fell 2.5% early Thursday, after the aerospace and technology company missed third-quarter sales estimates and lowered its guidance, offsetting a profit beat.
    Business - MarketWatch - October 24
  • Starbucks scraps 2025 guidance after fall in sales and earnings

    Starbucks scraps 2025 guidance after fall in sales and earnings

    New chief Brian Niccol vows ‘to fundamentally change our strategy’ to return to growth
    Business - Financial Times - October 22
  • Henkel Backs Guidance After Sales Rise

    Henkel Backs Guidance After Sales Rise

    The German chemical and consumer-goods company, which owns brands including Persil and Schwarzkopf, reported higher sales and backed expectations for the year.
    Business - The Wall Street Journal - November 6

  • Lowe's beats on earnings and hikes guidance, but still expects sales to fall this year

    Lowe's topped quarterly earnings and revenue estimates, but even its raised sales outlook would be a decline from last year.
    Business - CNBC - Yesterday

  • Mattel Lowers Sales Outlook After Barbie Sales Weigh

    The toy company’s profit, however, is holding up due to stronger margins, helped by factors such as cost cuts, supply-chain improvements and lower input costs.
    Business - The Wall Street Journal - October 23

  • Harley-Davidson’s stock falls as motorbike maker lowers guidance to reflect still-pressured consumer

    Harley-Davidson’s stock was down Thursday, after the iconic motorbike maker topped estimates for the third quarter despite steep declines in profit and revenue, but lowered its full-year guidance ...
    Business - MarketWatch - October 24

  • Ford sees another $1 billion EV loss, lowers guidance and its stock falls 6%

    Ford Motor Co. reported earnings late Monday, but investors looked past a beat.
    Business - MarketWatch - October 28

  • Nivea Owner on Track to Meet Guidance After Rise in Sales

    Beiersdorf confirmed its expectations for the year after posting an increase in sales during the first nine months, helped by its star brand.
    Business - The Wall Street Journal - October 24

  • Rivian lowers earnings guidance after missing Wall Street's third-quarter expectations

    Rivian Automotive missed Wall Street's third-quarter expectations, including a massive difference in revenue of $116 million.
    Business - CNBC - November 7

  • E.l.f. shares soar as cosmetics retailer raises guidance after posting 40% sales gain

    E.l.f. Beauty raised its full year guidance after posting a 40% jump in sales.
    Business - CNBC - November 6

  • Mattel, Hasbro lower guidance ahead of holiday season

    Toy giants Mattel and Hasbro decreased 2024 guidance prior to the holiday season as toy sales continue to fall during the third quarter.
    Business - CNBC - October 24
  • JD Sports Expects Profit at Lower End of Guidance

    JD Sports Expects Profit at Lower End of Guidance

    The sneaker and fashion retailer trimmed its outlook after alerting of trading volatility due to higher promotional activity and mild weather in key markets.
    Business - The Wall Street Journal - 7 hours ago

  • Linde falls after its guidance fails to wow the market. We've seen this movie before

    Shares of the industrial gas supplier dropped around 3% in a down market.
    Business - CNBC - October 31

  • Starbucks Suspends Guidance as Sales Slump Persists

    The coffee chain needs to “fundamentally change” strategy, the new CEO, Brian Niccol, said. Shares fell in premarket trading.
    Business - The Wall Street Journal - October 23

  • PayPal shares fall on revenue miss, soft guidance

    PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in slightly below expectations.
    Business - CNBC - October 29

  • Ferrari reiterates guidance as China deliveries fall sharply

    Ferrari on Tuesday reiterated guidance that it had increased earlier in the year as the sports-car maker said shipments fell sharply in China.
    Business - MarketWatch - November 5

  • Akzo Nobel Sees Full-Year Earnings at Lower End of Guidance

    The Dutch paints company reported a fall in third-quarter net profit, missing consensus views, and said it expected full-year earnings at the lower end of its guidance.
    Business - The Wall Street Journal - October 23

  • Merck’s stock slides as Q3 earnings beat estimates, but company lowers guidance

    Merck’s stock fell Thursday morning, despite the company beating profit and sales estimates for the third quarter.
    Business - MarketWatch - October 31

  • BT says UK Budget will lift costs by £100mn as it lowers revenue guidance

    Chief executive Allison Kirkby calls increase a ‘new inflationary pressure that we need to suffer in our business’
    World - Financial Times - November 7

  • Moncler Revenue Falls on Lower Demand in Asia, Europe

    The Italian fashion group said the results were hit by lower consumer confidence in several markets, as the luxury industry continues to grapple with a period of volatility.
    Business - The Wall Street Journal - October 29
  • Volvo Cars says it will not support Northvolt as it slashes sales guidance

    Volvo Cars says it will not support Northvolt as it slashes sales guidance

    Swedish group says it will not invest in its battery group partner amid softening demand for vehicles in key markets
    Business - Financial Times - October 23

  • Nintendo cuts profit guidance on reduced Switch sales forecast

    Nintendo on Tuesday trimmed its sales and profit guidance for the March-ending fiscal year, citing reduced demand for the Nintendo Switch.
    Business - MarketWatch - November 5

  • Philips shares slide as company blames China for lowered sales outlook

    Shares of Philips slumped on Monday as the Dutch healthcare devices company lowered its sales outlook for the year.
    Business - MarketWatch - October 28

  • Jeep maker Stellantis reports 27% drop in sales

    Stellantis reported a 20% drop in its shipments driven by major slumps in both Europe and North America
    Business - MarketWatch - October 31
  • Richemont Sales Fall as Luxury's China Woes Linger

    Richemont Sales Fall as Luxury's China Woes Linger

    The Cartier owner said weaker consumer spending in China hit sales as a luxury downturn that is hurting most of the players in the industry rumbles on.
    Business - The Wall Street Journal - November 8
  • Exxon and Chevron suffer profit falls on lower oil prices

    Exxon and Chevron suffer profit falls on lower oil prices

    Cheaper commodities and weaker refining margins hit earnings after bumper performances in 2022 and 2023
    Business - Financial Times - November 1

  • Dassault Systemes Cuts Guidance After Earnings Disappoint

    The French software maker lowered its guidance for the year after revenue and operating profit came in shy of analyst expectations in the third quarter.
    Business - The Wall Street Journal - October 24

  • Microsoft dips on weak guidance after beating on earnings

    Microsoft reported better-than-expected results for the fiscal first quarter as Azure topped estimates. But quarterly growth guidance was light.
    Business - CNBC - October 30
  • Vonovia After-Tax Loss Narrows, Confirms Guidance

    Vonovia After-Tax Loss Narrows, Confirms Guidance

    The real-estate company posted a net loss of 592 million euros for the first nine months of 2024, and continues to expect its full-year result to reach the upper end of its guidance range.
    Business - The Wall Street Journal - November 6
  • Allianz Narrows Guidance Range After Profit Beat

    Allianz Narrows Guidance Range After Profit Beat

    The insurance giant narrowed its outlook for the year to the upper end of its range after lower natural catastrophe claims drove third-quarter profits above expectations.
    Business - The Wall Street Journal - November 13

  • Pfizer tops earnings estimates, hikes full-year guidance as Covid products help sales

    It is a critical quarterly report for Pfizer, which is grappling with activist pressure from Starboard Value.
    Business - CNBC - October 29

  • Starmer rejects calls for slavery reparations ahead of Commonwealth summit

    PM plans to focus on ‘future-facing challenges’ such as climate change but Caribbean leaders hope to raise the issue
    World - Financial Times - October 23
  • Sinologist Li Cheng: ‘America is not in the mood to study China’

    Sinologist Li Cheng: ‘America is not in the mood to study China’

    The political expert on the breakdown of US-Sino relations, what Xi Jinping’s fourth term might hold — and why neither Harris nor Trump makes him hopeful of change
    Business - Financial Times - October 25

  • Porsche AG Sales Fall Amid Slow EV Market, China Woes

    Porsche AG posted lower sales and operating profit as it faced challenges in China and a slower-than-expected shift to electric vehicles.
    Business - The Wall Street Journal - October 25
  • Beyoncé brings star power as Kamala Harris touts ‘freedom’ in Texas

    Beyoncé brings star power as Kamala Harris touts ‘freedom’ in Texas

    Vice-president seeks to energise women voters as White House race against Donald Trump tightens
    Business - Financial Times - October 26
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