Nortel Warns of Weaker Sales
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Retreating from an upbeat forecast it  made just last month, Nortel Networks Corp. NT.TO on Thursday  warned that third-quarter sales will fall below its second  quarter and 2004 revenue growth at North America's largest  telecom equipment maker will lag the sector.
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SEPTEMBER 02, 2004 (REUTERS) - Nortel Networks Corp. said today it will again delay filing its financial results, predicting the reports for 2003 and the first half of 2004 won&#39;t be out until the end of October.
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Nortel Networks Corp., North America&#39;s largest telephone-equipment maker, said sales growth this year will lag that of competitors and predicted third- quarter revenue will fall from the second period&#39;s $2.
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Molson Inc. warned that its summer-quarter earnings would be lower than expected due to slow sales in Canada and problems with profitability in Brazil.
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Amid continuing problems with the release of its financial statements, Nortel NetworksÂ reported a loss for this year's third quarter, coupled with a drop in sales from the second quarter, but added that it expects improvements in fourth-quarter revenue.
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LOS ANGELES - Toy makers and major retailers are bracing for potentially weak Christmas sales this year amid concerns that consumers, many squeezed by skyrocketing gas prices or uneasiness over the economy, will spend less on holiday shopping.    On Monday, No...
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Nortel Networks Corp. on Thursday said it would cut fewer jobs than announced in August as part of the effort to improve its financial condition.
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Shares of Nortel Networks Inc. NT.N  fell 6.6 percent in premarket trading on Thursday after the  telecommunications equipment maker said it expects  third-quarter revenue to fall from the previous quarter.
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U.S. home sales will be a good deal   weaker this year than earlier forecast and prices are likely to   fall below year-ago levels temporarily as buyers stay on the   sidelines, a realtors group said on Thursday.
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Nortel Networks Corp. (NT.TO: Quote, Profile, Research) said on Thursday it will again delay filing results, predicting it will not release reports for 2003 and the first half of 2004 until the end of October.
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Nortel Networks Corp. expects its revenue in the third quarter to fall below the previous quarter's estimated number and for its full-year 2004 revenue to grow slower than the overall communications equipment industry, the company said in a statement Thursday.
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Nortel Networks Corp., North America&#39;s largest telephone-equipment maker, said third-quarter revenue will decline from the second quarter&#39;s $2.
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Canadian officials are opening a criminal investigation into accounting at Nortel Networks Corp. Shares in the telecom-equipment maker edged lower Tuesday.
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Nortel Networks Corp. investors predicted Tuesday the telecom equipment giant will again slash jobs when it reports long-overdue results this week, and shrugged off news of another criminal probe into its high-profile accounting woes.
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Company will slash nearly 3,250 jobs, reduce real estate to lower annual costs by $393.7M in 2005. TORONTO  - Nortel Networks Corp.
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Office Depot Inc. ODP.N on Tuesday  warned that profit for the rest of the year would fall short of  forecasts because of the string of hurricanes in Florida and  poor sales elsewhere, sending its stock down 6.5 percent.
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Hurricanes, weak back-to-school sales, and weak European business bring an earnings warning.