Earnings News Headlines

TORONTO (Reuters) - BlackBerry shares fell 4 percent on Wednesday after a Bernstein Research analyst cut his rating on the stock to "underperform" ahead of the company's quarterly earnings release next week. While Bernstein's Pierre Ferragu said he expected disappointing results from the smartphone maker, other analysts …

STOCKHOLM (AP) — Swedish fashion retailer Hennes & Mauritz AB on Wednesday said profits fell by 11 percent in the second quarter due to the strong Swedish krona and increased markdowns as it tried to shift its products.

By Susan Kelly CHICAGO (Reuters) - Shares of U.S. hospital operators have been on a tear this year, on average posting triple the gains of the broader stock market, as investors tallied up the benefits of President Barack Obama's healthcare reform. While some on Wall Street have held back amid signs of trouble as U.S. states …

By Greg Roumeliotis and Soyoung Kim NEW YORK (Reuters) - SunGard Data Systems Inc, the computer software maker that was taken private in 2005 for $11.4 billion, is exploring a sale of its data managing operations that could fetch up to $2 billion, several people familiar with the matter said on Tuesday. The business for …

By Ayai Tomisawa TOKYO (Reuters) - Japan's Nikkei will rise 51 percent in 2013 on expectations of higher company earnings, driven by a weaker yen after Prime Minister Shinzo Abe embarked on radical fiscal and monetary expansionary policies to spur growth, a Reuters poll showed, A gradual economic recovery in the United …

JOHANNESBURG (Reuters) - Employment in South Africa's non-agriculture sector edged up 0.1 percent in the first quarter of 2013 compared with the previous three months, although the key mining and manufacturing sectors shed jobs, Statistics South Africa said on Tuesday. On a year-on-year basis, the number of people with …

By Miyoung Kim SEOUL (Reuters) - Analysts fell under Samsung Electronics Co Ltd's marketing spell when they made what they now admit were hopelessly optimistic forecasts for its smartphone sales. Samsung's huge share of the high-end smartphone market also persuaded some analysts to downplay industry data pointing to a fast-saturating …

DAR ES SALAAM (Reuters) - Tanzania's current account deficit narrowed by 13.3 percent in the year to April, with stronger tourism, manufacturing and agricultural output and earnings cushioning a decline in gold exports, its central bank said on Friday. The current account deficit narrowed to $3.94 billion in the 12 months …

By Euan Rocha TORONTO (Reuters) - Dorel Industries Inc warned on Thursday that earnings from its recreational unit will be weaker than expected as wet weather has dampened bicycle sales in the United States, Canada and Europe, driving its shares down 6.4 percent. The Montreal-based company, which also makes strollers, car …

LONDON (Reuters) - Britons' real net incomes fell to their lowest level in a decade in the year ending in March 2012, annual data from the country's labour ministry showed on Wednesday. Average net incomes including social benefits fell 3 percent during the 2011/12 tax year to their lowest level since 2001/02 on an inflation-adjusted …

(Reuters) - Chemical maker DuPont said its operating profit would fall more than it expected in the first half of the year as a wet spring in North America and Europe hurt its agriculture business, sending its shares down 1.5 percent. Dupont is focusing on food and agricultural products to cut its dependence on a weakening …

TORONTO (Reuters) - Dorel Industries Inc warned on Thursday that earnings from its recreational unit will be weaker than expected as wet weather has slowed bicycle sales in the United States, Canada and Europe. The Montreal-based company, which also makes strollers, car seats and home furnishings, said the bicycle market …

PORT LOUIS (Reuters) - Mauritius Telecom, the Indian Ocean island's main provider of telecommunications services, has posted a 0.7 percent increase in its pretax profit for last year. The company said pretax profit rose to 2.56 billion rupees from 2.55 billion a year ago on turnover up 300 million rupees at 8 billion rupees. …

LAGOS (Reuters) - The Nigerian unit of South Africa's Standard Bank said on Tuesday it expected its pretax profit for the third quarter to hit 4.38 billion naira, compared with 3.14 billion naira in the same period last year. The lender said gross earnings will be 21.52 billion naira in the three-months to September 2013, …

LAGOS (Reuters) - Nigeria's Guaranty Trust Bank said on Tuesday it expected its pretax profit for the third quarter to hit 20.7 billion naira, compared with 21.9 billion naira in the same period last year. The lender said gross earnings will be 41.25 billion naira in the three-months to September 2013, down 42 percent from …

LAGOS (Reuters) - Nigeria's Union Bank said on Tuesday it first quarter pre-tax profit rose 40.33 percent to 7.69 billion naira, compared with 5.48 billion naira in the same period last year. It gave no reason for the rise. Gross earnings dropped marginally to 29.79 billion naira from 29.84 billion naira the same period …

Christine Day, the CEO of the workout clothing giant Lululemon, announced Monday afternoon during a company earnings call that she's stepping down after a costly, offensive scandal in which her company failed to do what it does best: make workout pants that people feel comfortable in.

(Reuters) - Tiger Woods has become the world's best-paid athlete once again after reclaiming golf's number one ranking, according to business magazine Forbes. Woods had total earnings of $78 million over the past year - $65 million in endorsements and the remainder from appearance and prize money, Forbes said in its annual …

June 6 (Reuters) - Tiger Woods has become the world's best-paid athlete once again after reclaiming golf's number one ranking, according to business magazine Forbes. Woods had total earnings of $78 million over the past year - $65 million in endorsements and the remainder from appearance and prize money, Forbes said in …

AMSTERDAM (AP) — Royal Ahold NV, the Dutch owner of U.S. grocery chains Stop & Shop and Giant, says its first-quarter earnings rose sharply on the sale of the Scandinavian unit ICA. It said Tuesday underlying business was flat as shrinking margins offset rising sales.

JOHANNESBURG (Reuters) - South Africa's second-largest drug firm, Adcock Ingram, reported a 5 percent decline in first-half profit on Tuesday, hit by the weaker rand and as debt-laden consumers opted for cheaper medicines. Adcock, which is talks with several players looking to buy all or part of it, said diluted headline …

KIGALI (Reuters) - Rwanda's Bank of Kigali pretax profits rose 8.8 percent year-on-year in the first quarter to $6.8 million and the bank expects the opening of an office in Kenya to help it tap more opportunities. The bank, which is the largest in the small African state by assets and has a 34 percent market share, said …

JOHANNESBURG (Reuters) - The Foschini Group, South Africa's No.3 listed clothing retailer, missed estimates with an 11 percent rise in full-year profit as debt-laden consumers cut back on spending. Foschini, which also sells jewellery and furniture, said diluted headline earnings per share totalled 851.3 cents in the year …