Exact(1)
In a research note to clients, Douglas Lane, beverage analyst at Merrill Lynch, says he's surprised by the size of the earnings per share shortfall, and widened his first-quarter estimates to a loss of 20 cents per share from an 8-cent loss, and cut his fiscal 2001 estimate to a profit of 45 cents per share from 58 cents.
Similar(59)
Forced by losses in HP's venture financing portfolio, the writeoff is important because it contributed nearly 2 cents to an earning-per-share shortfall of 6 cents.
Provinces are supposed to equally share the shortfall.
After deducting provisions already taken in 2011, asset sales and the recent swap of preference shares in its parent group, BFA, for Bankia shares, the shortfall is closer to €2.7 billion.
Its 30-cent-per-share earnings shortfall (excluding the one-time restructuring charges) on the lower sales volumes it says it is starting to see implies it will have to keep its customers satisfied on its dealers' sales floors, too.
Heinz shares fall on profit shortfall warning Shares of ketchup maker H.J. Heinz fell more than 8% after the company warned that second-quarter profits could be up to 11% below its previous forecasts due to weaker food service sales after the Sept. 11 attacks and higher supply chain costs.
The lion's share of the shortfall stemmed from a complex £1.1bn deposit arrangement KSF entered into with Kaupthing described internally as a "liquidity swap".
Normally, when an employer decides to pull out of a multiemployer pension plan, the law calls for it to pay what is called its "withdrawal liability": its share of any shortfall in the pool on the date of withdrawal.
Another bright spot for the company was that its second-quarter net loss narrowed to $83.9 million, or 6 cents a share, from a shortfall of $134.1 million, or 9 cents a share, a year earlier, slightly better than analysts forecasts of 7 cents a share.
If the budget or reserve is underfunded, you as the owner will be responsible for making up your share of the shortfall.
Meeting expectations it had already lowered last month, Lucent said its losses narrowed to $423 million, or 14 cents a share, compared with a shortfall of $464 million, or 14 cents a share, in the year-earlier quarter.
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