Cott Cuts 2004 Outlook on Higher Costs
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Cott Corp., a maker of store-brand soft drinks, lowered its 2004 profit outlook Monday because of increasing raw material costs, and predicted 2005 results that fall short of Wall Street estimates.
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Independent oil and gas producer Devon Energy Corp.  on Friday trimmed its forecast for fourth quarter production by 1 million to 2 million barrels of oil equivalent, hurt by reduced Canadian gas output.
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FedEx reported higher-than-expected fiscal first quarter earnings on Thursday, but lowered its outlook for the full year.
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Tyson Foods Inc., the world&#39;s largest meat processor, reduced its forecast of annual profit because of higher costs for feed grain and a drop in beef and chicken prices.
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Fresh Del Monte Inc.  on Thursday cut its 2004 earnings forecast because of weak banana prices, high fuel costs and bad weather, among other factors.
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Tyson Foods Inc. TSN.N on Monday cut  its fiscal 2004 earnings forecast because of  weaker-than-expected demand for chicken and beef and  unexpectedly steep raw material costs.
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Fresh Del Monte Inc. FDP.N on  Thursday cut its 2004 earnings forecast because of weak banana  prices, high fuel costs and bad weather, among other factors.
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Research firm says it expects average price to drop from $966 last year to $775 this year.
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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.
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Saying that weakness in the housing  market was taking a toll on its swimming pool equipment  business, diversified manufacturer Pentair Inc.  on  Tuesday cut its earnings outlook for the third quarter and full  year, and said it was taking steps to cut costs.
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Cott Corp. (BCB.TO: Quote, Profile, Research) (COT.N: Quote, Profile, Research) , the world&#39;s largest maker of store brand drinks, reported a 14 percent fall in third-quarter earnings and
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Tyson Foods Inc. (TSN.N: Quote, Profile, Research) on Monday cut its fiscal 2004 earnings forecast because of weaker-than-expected demand for chicken and beef and unexpectedly steep raw material costs.
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SAN FRANCISCO (CBS.MW) -- AO Smith cut its third-quarter and 2004 earnings outlook late Monday, due in part to increased costs for freight, steel and other materials.
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Countrwide Financial, the biggest mortgage lender in the US, slashes its profit predictions for the full year.
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Facing continued top-line weakness, the company may have to cut costs.
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Electronic Data Systems Corp.  on Monday posted a higher-than-expected profit thanks to cost cutting, but it forecast 2005 earnings would fall short of analysts' estimates as it hopes to bring back growth by investing &#36;1 billion in key areas this year.
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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.