Coolbrands Cuts Year-End Profit Outlook
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Coolbrands International Inc., the  maker of frozen desserts, cut its profit outlook for fiscal  2004 on Tuesday, because of a decision to take a noncash charge  related to stock options.
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Coca-Cola yesterday sharply reduced its long-term profit and sales targets, reflecting the entrenched slump that the world&#39;s largest soft drinks firm has found itself in.
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The soft drink maker said its fourth-quarter profit fell 31 percent from results a year ago that included a tax benefit from a settlement with the Internal Revenue Service.
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Whirlpool Corp. , the world's largest appliance maker, reported a 13 percent drop in quarterly earnings on Wednesday, hurt by soft demand in the United States, and cut its profit forecast for the year, sending its shares down 3 percent.
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Electrolux AB, the world's biggest maker of home appliances, reduced its profit forecast for the rest of the year on Thursday, citing rising steel prices.
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Hershey Co.  on Thursday posted a 96 percent drop in second-quarter net income and again cut its 2007 profit forecast as it spends more money to try to jump-start flagging sales.
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Food and consumer goods giant Unilever has cut its annual profit growth forecast by more than a half, blaming wet weather for poor ice cream
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Sputtering U.S. economy forces shipper to cut forecast.
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PepsiAmericas Inc. PAS.N on Monday   cut its earnings outlook for full-year 2006 due to   lower-than-expected net pricing and a higher cost of goods sold   in its U.S. business.
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Best Buy Co Inc  cut its fiscal  2008 profit outlook on Friday and said it expects its 2007  fourth-quarter sales to miss its own target on  lower-than-expected January sales growth, sending its shares  down 4.5 percent.
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ASBESTOS-RELATED boycotts of James Hardie products have forced the controversial building products maker to slash its profit forecast.
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Coolbrands International Inc. (COBa.TO: Quote, Profile, Research) said on Thursday its results for fiscal 2004 would be higher than the previous year, but the guidance missed expectations
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American Axle & Manufacturing Holdings  Inc. AXL.N, an auto parts supplier, on Thursday cut its 2004  earnings forecast, citing planned production cuts by its  customers and higher raw material costs.
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Specialty retailer Sharper Image Corp. lowered its earnings estimates on Monday after reporting weaker-than-expected holiday sales.
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Retailer Macy's Inc.  cut its quarterly profit outlook on Thursday as June same-store sales came in lower than expected, and its shares fell nearly 4 percent.
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Forest Laboratories Inc., which makes antidepressants like Celexa and Lexapro, lowered its profit outlook for 2005 as products from generic drug makers are expected to cut into its sales during the year.
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Electricity wholesaler Dynegy Inc. (DYN.N: Quote, Profile, Research) on Wednesday slashed its 2004 profit forecast and said it expects a loss next year due to costs