RWE Lowers 2004 Earnings Forecast on Waste Unit, Costs Tied to Asset Sales
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RWE AG, Germany s second-largest utility, cut its profit forecast for this year because of costs for asset sales and higher coal prices.
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Severn Trent reports a drop in earnings, hit by the costs of repairing leaky pipes and a rise in energy costs.
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Merck &amp; Co. Inc.(MRK.N: Quote, Profile, Research) , reeling from the recent withdrawal of its Vioxx arthritis drug, on Wednesday reaffirmed its 2004 earnings outlook but said earnings in 2005 will be lower than analysts had expected.
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NEW YORK, Sept 14 - Moody&#39;s Investors Service said on Tuesday it may cut the ratings of Allied Waste Industries Inc. (AW.N: Quote, Profile, Research) and its unit Allied Waste North America, citing weaker
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Electrolux, the world&#39;s largest maker of household appliances, said Thursday that earnings in the second half of 2004 would be below forecasts because of higher steel prices.
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Fourth-quarter earnings dropped 30 percent to $128.9 million on restructuring and other charges, but the results still beat analystsâ estimates.
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Engineering and construction company Shaw Group Inc.  on Wednesday reduced its fourth-quarter profit outlook due to an escalation in costs related to Hurricanes Katrina and Rita, sending shares down almost 5 percent in early trading.
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The company cuts its 2004 earnings outlook by 20%, citing many reasons.
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Westar Energy Inc. expects to earn 15 cents per share less from its ongoing operations in 2004 than previously projected, the company said Monday.
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Electric motor maker AO Smith Corp. lowered its third-quarter and full-year earnings estimates Monday, citing increased costs for raw materials and freight.
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Diversified manufacturer Illinois Tool Works Inc  said on Monday it cut its fourth-quarter earnings estimate due to weakness in North American end markets, sending its shares down 4 percent in pre-market trading.
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Dow Jones & Co.  on Wednesday cut its earnings forecast for the current quarter, citing weakness this month in key advertising categories at its flagship newspaper The Wall Street Journal, sending shares down 3 percent.
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Raytheon reported slightly lower third-quarter profit yesterday, hurt by losses from a unit it is selling, and forecast next yearâs profit would fall below Wall Streetâs average estimate.
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The worse-than-expected results, combined with the companyâs forecast of a weak fourth quarter, sent the steelmakerâs shares down 6 percent.
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Accredo Health Inc. ACDO.O, which  provides pharmacy and treatment services for patients with  chronic illnesses, on Monday slashed its profit forecast due to  lower reimbursements from government insurers, sending its  shares down 23 percent in pre-market trade.
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WD-40 misses earnings expectations and reduces its outlook for the year. Should you ignore such news and buy the stock?
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The largest U.S. retailer of used cars posted a lower quarterly profit and cut its outlook for the year, hurt by increased funding costs related to its auto finance unit.