excited talk from highly-paid Wall Street "strategists" about a
Cuts FY Rev Outlook on Weak Europe Demand" (Reuters)
Adobe Systems Inc (ADBE.O), maker of Photoshop and Acrobat software,
reported a modest fall in quarterly net income, and cut its full-year revenue
outlook to reflect weaker demand in Europe.
Cuts Forecasts as Sales Growth Slows in Europe, U.S." (Bloomberg)
Gamble Co. (PG), the world’s largest consumer-goods company, cut its
earnings and revenue forecasts for the second time in less than two months as
slowing economies in Europe and the U.S. weigh on sales growth.
Posts Lower Profit; Outlook Falls Below Wall St. Forecasts" (Los Angles Times)
earnings for its fiscal year will be hurt by slow global economic growth. The
shipping giant posts a drop in fiscal fourth-quarter profit despite an
increase in revenue.
said Tuesday that slow global economic growth would crimp its earnings over
the next 12 months. The company vowed to make significant cost cuts to
counter any drop in package shipments as it reported lower fiscal
second-largest package delivery company is closely watched for signs about
the health of the economy. It forecast moderate growth for the U.S. and
global economies, citing the debt crisis in Europe and slowing growth in
"Actuant Shares Fall on Wary Outlook" (Fox
Fueled by new
acquisitions that helped offset some of the turbulence in Europe, Actuant revealed on Wednesday a better-than-expected
company expressed worries about macroeconomic conditions in Europe and China
that could weigh on earnings over the next two years, sending its shares down
more than 4.75% early in the session
CEOs View of Economy Dims in Quarter: Roundtable" (Reuters)
executives' view of the economy dimmed in the second quarter, with fewer
expecting to grow sales or add workers than three months earlier, according
to a survey by the Business Roundtable released on Wednesday.
The group's CEO
Economic Outlook Index fell to 89.1 in the second quarter, down from 96.9 in
the first quarter but still well over the 50 mark that separates growth from
decline. The drop reflected increasing worry in corporate America that
Europe's economic troubles could take a toll on sales.
please shut those guys up before their clients lose all their money?
Michael J. Panzner