Office Depot Will Miss 3rd-Qtr Forecast; Shares Fall
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Office Depot Inc. expects third- quarter and yearly earnings to miss analysts&#39; estimates because of recent hurricanes in Florida and sluggish back-to-school sales.
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US stock-index futures dropped after Coca-Cola Co., Xilinx Inc., and Tribune Co. said sales or earnings will miss forecasts. ``Profits and outlooks are falling short and that will disappoint
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Texas Instruments Inc.  posted  a lower quarterly profit on weak demand for its calculators,  and gave a disappointing revenue forecast for the third  quarter, sending shares down 3 percent on Monday.
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Lucent Technologies Inc.  said  on Monday it expects its third-quarter earnings and revenue to  fall due primarily to slower sales of wireless network  equipment in North America.
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Office Depot Inc. , the world's No. 2 office-supplies retailer, said on Wednesday its quarterly profit rose 27 percent, but its sales fell short of Wall Street's expectations and its shares dropped 2.5 percent.
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Alcoa Inc. (AA.N: Quote, Profile, Research) , the world&#39;s largest aluminum producer, on Thursday warned that third-quarter results would fall far short of
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U.S. stocks fell for a third straight day on Tuesday after a report showing weaker-than-expected orders for manufactured durable goods spurred worries about the strength of corporate profits.
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Big Lots Inc. (BLI.N: Quote, Profile, Research) on Wednesday forecast a larger-than-expected third-quarter loss and said full-year profit could also fall short of Wall Street&#39;s
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Soft drink giant Coca-Cola today warned that third quarter and second half results will fall short of expectations due to disappointing sales.
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The computer printer maker said second-quarter earnings missed the companyâs forecast, citing disappointing revenue from inkjet printers and cartridges.
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The deep-discount retailer misses earnings projections and lowers its outlook.
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Office Depot Inc. on Monday delayed its third-quarter earnings report due to its audit committee's independent review of vendor program funds, a development that one analyst said raised questions about the nation's second-largest office supplies retailer's financial statements.
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SAN FRANCISCO (CBS.MW) -- Knight Ridder late Thursday warned its third-quarter profit from operations will fall short of most analysts&#39; estimates due to advertising losses related to the impact of three hurricanes on its newspapers in Florida and Georgia.
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United Parcel Service Inc.  on Tuesday provided a full-year outlook for 2007 below analysts' forecasts, citing a slowing U.S. economy, and its shares fell 3 percent.
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Retailer Home Depot Inc.  said on  Wednesday it expected per-share profit to decline 4 percent to  9 percent this year as the weak U.S. housing market pressures  sales and it boosts investment in stores.
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Rite Aid Corp. RAD.N, the  third-largest U.S. drugstore chain, on Tuesday warned that its  fiscal 2005 results would fall below expectations if current  sales trends continue, driving its shares down 10 percent.
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Office Depot Inc. ODP.N, the No. 2  U.S. office supply retailer, on Tuesday forecast third-quarter  and full-year profits below Wall Street estimates due to  disruptions from recent hurricanes.