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United Technologies' 2013 earnings and revenue outlook miss Street views

HARTFORD, Conn. - United Technologies Corp. is forecasting earnings just shy of Wall Street's forecast. Louis Chenevert, the aerospace and building-systems manufacturer's chairman and chief executive, gave the outlook Thursday at a meeting with investors in New York. The latest 2013 earnings projection of $6.15 a share is at the high end of the company's prior range of $6.10 to $6.15. But analysts polled by FactSet were expecting, on average, full-year earnings per share of $6.16.

Europe no longer the bane of U.S. corporate profits

By Caroline Valetkevitch NEW YORK (Reuters) - Europe, long a scapegoat for weak earnings at U.S. multinational companies, is now looking like a more dependable source of profits, and that could make some stocks that have lagged this year's rally more enticing to investors. Big players in the technology sector, which has the highest exposure to Europe, are among those best positioned for a boost to the bottom line from the region's gradual recovery.

Analysis: Europe no longer the bane of U.S. corporate profits

By Caroline Valetkevitch NEW YORK (Reuters) - Europe, long a scapegoat for weak earnings at U.S. multinational companies, is now looking like a more dependable source of profits, and that could make some stocks that have lagged this year's rally more enticing to investors. Big players in the technology sector, which has the highest exposure to Europe, are among those best positioned for a boost to the bottom line from the region's gradual recovery.

U.S. stocks could weather grim profit outlooks

By Caroline Valetkevitch NEW YORK (Reuters) - U.S. companies are sounding the alarm on fourth-quarter earnings, lowering profit estimates just as the stock market is poised to end its best year since 1998. The ratio of profit warnings to positive outlooks for the current quarter is shaping up to be the worst since at least 1996, based on Thomson Reuters data.

Hugo Boss drops 2015 profit target on China slowdown

By Victoria Bryan FRANKFURT (Reuters) - German fashion house Hugo Boss <BOSSn.DE> has abandoned its 2015 profit target, joining the ranks of luxury goods companies warning of slowing sales growth in China. China has been the engine of the luxury goods industry in recent years, but a weakening in economic growth there, coupled with a crackdown on bribery, has tempered demand this year.

US stocks fall as Fed notes suggest stimulus cuts soon

US stocks fell Wednesday after minutes from the last Federal Reserve policy meeting said the central bank could scale back its stimulus program "in coming months." The Dow Jones Industrial Average lost 66.21 (0.41 percent) at 15,900.82. The broad-based S&P 500 fell 6.50 (0.36 percent) to 1,781.37, while the tech-rich Nasdaq Composite Index declined 10.28 (0.26 percent) to 3,921.27.

Cascades net income soars to $11 million in third quarter on higher revenues

KINGSEY FALLS, Que. - Cascades reported its best quarterly results in more than three years as its net income soared to $11 million from $2 million a year ago on a 10 per cent increase in revenues. The manufacturer of green packaging and tissue paper products said it earned 12 cents per share for the period ended Sept. 30, compared to two cents per share or $2 million a year ago. Adjusting for one-time items, net income was $7 million or seven cents per share, up from $4 million or five cents per share in the 2012 quarter.

Higher chip shipments boost Qualcomm's profit in 4Q, but outlook disappoints and stock drops

SAN DIEGO - Qualcomm Inc.'s net income increased 18 per cent in its fiscal fourth quarter, helped by higher chip shipments. But the company's earnings still fell short of Wall Street's forecast, as did its outlook for the current period. Shares fell in after-hours trading Wednesday. Qualcomm reported net income of $1.5 billion, or 86 cents per share, in the three months ended Sept. 29. That compares with net income of $1.27 billion, or 73 cents per share, in the same quarter last year.

Wind turbine maker Vestas posts loss, raises guidance

Danish wind turbine maker Vestas posted a quarterly loss on Wednesday but raised its guidance as it continued with a restructuring programme which has cut thousands of jobs. "The free cash flow for 2013 is now expected to be 500 to 700 million euros ($675 to $945 million) compared to the earlier expectation of a free cash flow of minimum 200 million euros," the company said in a statement. Free cash flow is an important measure of the rate at which a company can generate cash surplus to operating and existing investment requirements.

US stocks mostly lower as market digests recent gains

US stocks Tuesday ended mostly lower as analysts pointed to the need for markets to absorb recent gains after a number of records in the last couple of weeks. The Dow Jones Industrial Average fell 20.90 points (0.13 percent) to 15,618.22. The broad-based S&P 500 dipped 4.96 (0.28 percent) to 1,762.97, while the tech-rich Nasdaq Composite Index edged up 3.27 (0.08 percent) to 3,939.86.
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