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Agile To Cut Jobs, Sees Quarter Below Outlook.
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The market decline followed additional signs of a slowdown this week — a disappointing weekly job report and a below-expectations outlook by the technology bellwether Cisco Systems.
[C1.] PLAYBOY'S OUTLOOK Christie Hefner, below, the chief executive of Playboy, is upbeat about the future of the company, chalking up a first-quarter loss to the challenges for traditional media business and a tough economy.
Above: FindTime in Outlook 2016; Below: In Outlook 2013.
And with mortgage rates now below 7percentthethe outlook for sales continues to be bright, economists said.
In addition, the leading chip maker Intel, an industry bellwether, said third-quarter revenue would be about $11 billion, below its previous outlook of $11.2 billion to $12 billion, because of weaker-than-expected demand for PCs.
(See outlook below).
For stocks that fall below $1, the outlook is even more dismal: only 3% of such stocks ever recovered to double digits, and 82% stayed below $1 permanently.
The photo filmmaker announced that its earnings would fall between 20 cents and 25 cents below its initial outlook of $1.56 to $1.66 per share.
What's more, the company lowered its third-quarter earnings outlook below the Street consensus estimate, citing increased fuel prices and a general malaise in the U.S. economy.
The Internet giant reported second-quarter results that slightly beat Wall Street estimates but lowered its full-year outlook below expectations.
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