Accredo Cuts Forecast, Stock Plummets
32469
Accredo Health Inc. (ACDO.O: Quote, Profile, Research) , which provides pharmacy and treatment services for patients with chronic illnesses, on Monday slashed its profit forecast due to
76849
Stocks slid for a sixth session on Wednesday, led by the Nasdaq's drop of more than 3 percent as profit forecasts from Apple Inc and Motorola added to recession fears.
282884
Shares of National Instruments Corp.  NATI.O fell over seven percent after the close of regular  trade on Monday after it cut its third-quarter earnings per  share and revenue outlook.
103576
Costco Wholesale Corp. , which sells discounted goods to 47 million members, lowered its profit forecast after it cut prices on electronics. Shares fell 4.2 percent, the most in 16 months.
759917
CHICAGO (CBS.MW) - Retail stocks fell Monday after Wal-Mart cut its August sales forecast, casting a pall over expectations for consumer spending during the back-to-school season.
399995
(InfoWorld) - Concerns about a spending slowdown continue to make IT investors nervous. The tech-heavy Nasdaq Composite Index closed Thursday at 2601.06, down from the 2700 level two months ago. The faltering U.S. housing sector, widespread mortgage payment failures, and related worries about the credit market have depressed share prices since the middle of the third quarter. IT companies, although not hit as hard as businesses in other sectors, have not been immune to the turmoil. A tightening of credit is often expected to dampen business and consumer spending. SoÂ Alcatel-Lucent's Thursday warning about the quarterÂ and the rest of the year struck a nerve, several weeks in advance of quarterly results. The company said it expects to break even on an operating basis in the quarter, and cut its 2007 revenue forecast. It said revenue for the year would be flat or slightly up, at constant exchange rates. Previously, it said that revenue would be up about 5 percent for the year. It was the third time this year the company cut its projections. Its share price dropped $0.88 to close at $9.16 Thursday. Alcatel-Lucent's announcement hinted at what many market observers have been fearing: slowing purchases by North American customers. "Alcatel-Lucent is now seeing a change in capital spending with those (North American) customers in 2007, compared to what it had anticipated," the company said. The company said it still expects ongoing cost savings in the wake of the merger of Alcatel and Lucent, but that did not quiet concerns about the overall market. "Merging may have made sense, but it does not change the marketplace. Demand is demand and that does not change because of mergers," said telecom analyst Jeff Kagan in an e-mail report. A slowdown in demand would make competition in the tough telecom market even more fierce. Earlier this week Alcatel-Lucent rival LM Ericsson said it was gaining market share in Europe and Asia. Ericsson shares rose $0.36 Thursday to close at $36.59. Ericsson's claims notwithstanding, U.S. and European vendors are getting hit with increasing competition from Chinese vendors such as Huawei Technologies and ZTE, which are steadily expanding their product portfolios. Not all tech-sector news this week was grim, however. The notebook market continues to experience explosive growth, according to a report released earlier this week by market research company DisplaySearch. The nine biggest notebook companies saw double-digit growth during the second quarter, while the market, measured by units shipped, grew by more than 24 percent, DisplaySearch said. Although those figures were generated before the third-quarter turmoil, the firm raised its estimate from 97.5 million notebooks shipping in 2007 to 103 million. The true impact of economic turmoil on IT will not be clear until the end of the year. For now, IT investors will try to read the tea leaves, in the form of quarterly results that will start to trickle in next over the next few weeks. Â
96659
The retailer lowers its outlook after same-store sales fall.
590352
NEW YORK (CBS.MW) -- US stocks closed at session lows in the quietest day of trading this year Monday amid profit warnings from Tyson Foods and Accredo Health and data that showed continued weakness in the economy.
602445
Stocks dropped on Friday after heavy equipment maker Caterpillar Inc cut its profit forecast and warned the housing slump was spilling over into other parts of the economy.
143172
Avici Systems Inc. AVCI.O, which  makes equipment that directs traffic over the Internet, on  Monday slashed its revenue outlook for the current quarter  because customers have delayed network expansions, and its  shares lost nearly a third of their value.
471650
U.S. stocks fell on Thursday after weaker-than-expected durable goods data raised concerns about the outlook for the economy and profits.
621409
U.S. stock futures fell throughout the morning  on Thursday, pointing to a lower market open, as disappointing earnings from eBay Inc.  and a lower-than-expected profit forecast from Qualcomm Inc.  weighed on Wall Street.
547864
Prices on these highly rated stocks have plunged in the past month.
294142
Stocks fell for a sixth session on Wednesday, led by the Nasdaq's drop of more than 2 percent as profit forecasts from Apple Inc and Motorola fanned worries about a recession and the outlook for tech.
511594
The specialty pharmacy company announced on Monday that falling reimbursements will significantly weaken its 2005 earnings. The warning comes just weeks after investors learned that Accredo could soon lose
203290
A weak fiscal 2005 earnings forecast from Accredo Health Inc. sent the company&#39;s stock diving to a new 52-week low and weighed down a group of its rivals, as shares of health-care service providers moved lower on a day of hesitant trading.
766626
US stocks declined this week as disappointing sales forecasts from technology companies such as Xilinx Inc., Altera Corp. and Texas Instruments Inc.