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Celestica Q1 profit soars, adjusted earnings get boost from tax benefit

TORONTO - Celestica Inc. (TSX:CLS) says it had US$47.1 million of adjusted net earnings in the first quarter, or US$37.3 million under standard accounting — both up substantially from the same time last year despite soft demand for some of its manufacturing services. The adjusted earnings amounted to 26 cents per share — above the high end of Celestica's guidance and up from 16 cents per share in the first quarter of 2013.

Celestica Q1 profit soars, adjusted earnings get boost from tax benefit

TORONTO - Celestica Inc. (TSX:CLS) says it had US$47.1 million of adjusted net earnings in the first quarter, or US$37.3 million under standard accounting — both up substantially from the same time last year despite soft demand for some of its manufacturing services. The adjusted earnings amounted to 26 cents per share — above the high end of Celestica's guidance and up from 16 cents per share in the first quarter of 2013.

Estee Lauder forecasts weak profit as demand slows in Europe, China

(Reuters) - Beauty products company Estee Lauder Cos Inc <EL.N> forecast current-quarter profit below analysts' estimate, citing weak demand in European countries and South Korea and slowing growth in China. Estee Lauder shares fell as much as 8 percent in early trading after the company also reported second-quarter sales below estimates. New York-based Estee Lauder forecast third-quarter sales growth of 10-11 percent, which translates to about $2.52 billion-$2.54 billion.

Lululemon says Q4 revenue, profit will be below internal, analyst estimates

VANCOUVER - Shares of Lululemon Athletica inc. (Nasdaq:LULU) are under pressure following a warning to investors from the fashion retailer, which says its sales have been below target since December. The Vancouver-based company says it now expects its fourth-quarter revenue and profit will be significantly lower than its previous estimate. Its shares fell about nine per cent in pre-market trading after the warning. Lululemon's stock closed Friday at US$59.60 on the Nasdaq market and were down about $5.32 shortly after the warning.

Home Depot posts earnings jump, raises outlook

Home-improvement retailer Home Depot reported Tuesday a 42.7 percent rise in fiscal third-quarter earnings and raised its 2013 sales outlook as the US housing recovery continued to boost performance. Net income rose to $1.4 billion on revenues of $19.5 billion, up from $947 million on revenues of $18.1 billion in the year-earlier period. Those results translated into per-share earnings of 95 cents, six cents above analyst expectations. Revenues were also better than expected.

Boeing Q3 profit soars, raises 2013 outlook

US aerospace and defense giant Boeing said Wednesday third-quarter profit soared 12 percent from a year ago and raised its 2013 earnings outlook on a pick-up in commercial aircraft deliveries. Net earnings totaled $1.16 billion for the July-September quarter, compared with $1.03 billion in the same period in 2012, the Chicago-based company said in a statement. Revenues rose 11 percent to $22.13 billion, beating analyst expectations of $21.68 billion. Earnings of $1.51 per share were 12 percent higher than the year-ago EPS of $1.35.

Procter

US consumer goods giant Procter & Gamble reported Wednesday quarterly earnings that topped market forecasts and raised its profit forecast for the full year. P&G posted net income of $2.56 billion for its fiscal third quarter on sales of $20.7 billion, up from $2.41 billion in profit and $20.2 billion in sales in the year-ago period. Earnings excluding special items were 99 cents per share in the three months ended March 31, better than the 96 cents average estimated by analysts.

UPDATE 3-Pearson warns of another tough year after earnings fall

* Cuts forecast for 2012 results * Weak government spending hits education * Shares down 3 percent By Kate Holton LONDON, Jan 21 (Reuters) - British education and media group Pearson warned on Monday it expects tough market conditions to continue in 2013 after a weak fourth-quarter hit earnings last year.
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