Marvell cuts Q3 sales outlook, shares fall 18 percent
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Marvell Technology Group Ltd  on Monday cut its third-quarter revenue outlook and said it would restate past financial results due to problems with the way it accounted for stock options, sending its shares down 18 percent.
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Texas Instruments Inc. cut third-quarter revenue expectations Wednesday but narrowed its profit forecast to the upper end of previous guidance.
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Best Buy Co Inc  cut its fiscal  2008 profit outlook on Friday, blaming in part  lower-than-expected sales growth in January.
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Young women's clothing retailer  Charlotte Russe Holding Inc. CHIC.O on Thursday slashed its  quarterly earnings and sales forecast after a disappointing  back-to-school season, sending its stock down 21 percent.
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Shares in Wal-Mart fell more than three per cent in New York on Monday, after the giant discount retailer cut its forecast for November same-store sales
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Profit fell 94 percent in the third quarter as sales fell in the companyâs cell phone business, but it forecast better-than-expected fourth-quarter results.
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Lennar Corp. , the No. 3 U.S.  homebuilder, on Friday cut its third-quarter profit forecast  due to a deteriorating housing market, sending its shares down  nearly 3 percent in premarket trading.
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Wall Street stocks moved mostly lower Monday on a disappointing sales forecast from Wal-Mart Stores Inc. as investors worried that oil prices would cut consumer spending and hurt companies&#39; third-quarter profits.
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Slashed earnings estimate pulls down shares.
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Borders Group Inc. on Tuesday revised its third-quarter outlook to a loss of 1 cent to 3 cents per share because of slumping sales. The nation's second-largest bookseller previously had forecast earnings of as much as 3 cents per share.
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Shares of Wal-Mart Stores Inc. WMT.N  ticked lower on Monday after the world's largest retailer cut  its August sales forecast.
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FORT WORTH, Sept. 24  â Shares of the AMR Corporation, parent of American Airlines, dropped 14.3 percent Monday after the company gave a tepid third-quarter outlook and several analysts cut their profit estimates.
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Dutch electronics giant Royal Philips Electronics NV said it had lowered its outlook for semiconductor sales in the third quarter, as had been widely expected by analysts.
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Ahold, the world's third-biggest food retailer, reported that sales in the third quarter had fallen by 7.9 percent owing to exchange rate variations and asset sales.
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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.
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Shares in the telecommunications equipment maker fell today to their lowest level after the company slashed its forecast for full-year revenue growth.
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Marvell Technology Group   said on Monday its board has preliminary found that the  measurement date for some of its stock option grants likely  differed from recorded dates.