Colgate Sees Profit Well Short of Targets
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Colgate-Palmolive Co.  on Monday warned that second-half earnings will fall well short of Wall Street forecasts due to higher marketing spending.
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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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Kicking off the new earnings season,  aluminum company Alcoa Inc  reported on Monday that  second-quarter profit slipped, but still matched Wall Street  expectations, even though revenue fell short of forecasts.
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New York Times Co. on Monday forecast  third-quarter and full-year earnings below Wall Street's  average targets on weak revenue so far in September, sending  its shares to two-year lows.
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Despite lower quarterly profits, financial services company's prospects look good.
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Package delivery company FedEx Corp.  on Wednesday reported a profit that missed analysts' forecast and said earnings growth would fall short of expectations due to continued softness in the U.S. economy.
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Description: Colgate-Palmolive says it will cut more than 4,000 jobs and close a third of its factories worldwide. The company plans to use the savings for advertising and new product development.
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Household and personal care products leaders Procter & Gamble Co  and smaller rival Colgate-Palmolive Co  both posted double-digit quarterly profit increases on Tuesday, helped by cost cuts, the weaker dollar and sales of new items.
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Kicking off the new earnings season, aluminum company Alcoa Inc  reported on Monday that second-quarter profit slipped, but still matched Wall Street expectations, even though revenue fell short of forecasts.
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Cable giant Comcast Corp. on Wednesday posted a smaller third-quarter profit that missed Wall Street expectations, but said digital cable and high-speed Internet subscriptions continued to grow during the period.
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Household and personal care products  makers Procter & Gamble Co  and Colgate-Palmolive Co   both reported higher quarterly profit on Thursday,  boosted by sales in emerging markets as the U.S. economy  slowed.
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Schering-Plough Corp  on Monday  reported third-quarter profit and sales that fell short of Wall  Street's target, sending shares down more than 10 percent amid  concerns about its flagship cholesterol drugs.
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Colgate-Palmolive Co. will cut about 4,440 jobs and close a third of its factories and put the savings into advertising and product development amid rising competition with Procter &amp; Gamble Co.
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Gas and electric utility Entergy Corp. Thursday said it expects to post third-quarter earnings about 15 percent below last year&#39;s results, citing soft demand for electricity and lower income from energy trading.
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It's on track to meet sales targets, but profits might not keep pace.
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Stocks were set to open lower on  Monday as oil prices rose to their highest in nearly a month,  increasing concern about corporate profits, and consumer  products company Colgate-Palmolive Co. CL.N warned about  earnings.
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Household and personal care products  leaders Procter & Gamble Co  and smaller rival  Colgate-Palmolive Co  both posted double-digit quarterly  profit increases on Tuesday, helped by cost cuts, the weaker  dollar and sales of new items.