Spirit Slashes Guidance After Flight Disruptions
The carrier took a $50 million hit from the disruptions and expects an "additional $80 to $100 million of negative revenue impact" in Q3.
Two More SPACs to Restate Financial Results
The restatements follow new SEC guidance on how SPACs should account for the warrants that they typically issue as part of initial public offerings.
SEC to Update Rules on Climate Risk Disclosure
“Now more than ever, investors are considering climate-related issues when making their investment decisions,” Acting Chair Allison Herren Lee says.
Apple Lowers Q1 Guidance Amid China Woes
CEO Tim Cook says the revenue shortfall "is over 100 percent from iPhone and it's primarily in greater China."
Best Buy Shares Fall On Lowered Earnings Guidance
The retailer said it expects to earn between 79 and 84 cents per share in the current quarter, below analysts' estimates
Honeywell Raises Guidance Ahead of Spinoffs
“Our financial outlook is as positive as it has ever been,” says CFO Greg Lewis.
Ex-Sonus CFO Fined Over Faulty Guidance
The SEC says Mark Greenquist ignored red flags when he said he was "comfortable" with estimates of Sonus Networks' quarterly revenue.
3M Shares Tumble on Lowered 2018 Guidance
The stock matched its biggest single-day decline in more than nine years but the company sees "sustained profitable growth in 2018."
Tupperware Shares Fall 6.7% on Lower Outlook
Customer service issues related to a French factory had "a larger than previously foreseen impact" on Q1 sales, the company says.
Market Sees Clouds Over Oracle’s Cloud Future
The company's shares drop more than 7% after its guidance for fourth-quarter cloud revenue misses analysts' expectations.