March 19, Sony-Ericsson sharply revised its first-quarter profit forecast, citing slow sales of its mid- and high-end handsets in Europe.
It comes as the airline shares rose 10% on Wednesday as it increased its full-year profit forecast.
Boeing raises its full-year profit forecast this morning, saying it expects deliveries of commercial airplanes to grow.
However, it cut its full-year profit forecast to 370bn yen, compared with its previous projection of 375bn yen.
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It is the second time in a space of four months that the firm has lowered its full-year profit forecast.
BBC: Honda sees quarterly profits rise but cuts annual forecast
Pepsi offered a full-year profit forecast that matched Wall Street projections.
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Overall revenues for the quarter ending September were virtually unchanged at 1.789 trillion yen and Sony left its full year pre-tax profit forecast unchanged at 310bn yen.
Earlier this month, the Osaka-based firm issued a lower-than-expected profit forecast.
But after the closing bell, Apple reported a forecast-busting rise in first-quarter net profit, following a jump in iPhone sales.
The quick fixes helped RadioShack to a 29 cents-per-share profit after one-time items, compared with the 13 cents analysts had forecast.
Ryanair has increased its profit forecast for the full year after a better-than-expected performance in the last three months of 2012.
On August 10th Tata Motors reported a forecast-beating first-quarter profit, which it said had been driven by demand for JLR's luxury models.
The IMF downgrade to its global GDP forecast and a note from Goldman Sachs advising profit-taking in commodities has investors targeting downside risk.
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Japanese game giant Nintendo has cut its profit forecast for the year by a third, despite reporting much-reduced first-half losses.
Q-Cells ( QCLSF - news - people ), the world's largest maker of solar cells, beat first-quarter profit expectations but lowered its 2009 profit forecast for the third time since December.
Hewlett-Packard made headlines as well, posting weak profit forecast as CEO Meg Whitman tries to turn the company around.
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Mr Haffa hopes the write-offs will be the last of a series of catastrophes, including mistakes in last year's second-quarter accounts and a profit warning in December that cut forecast earnings by 90%.
Sony's statement confirmed a previous forecast that the company should return to profit for the financial year to end-March.
The firm's Item Club forecast predicts strong growth and below-target inflation, but tighter profit margins which could hit investments and jobs by next year.
Boeing posted a 20% increase in fourth-quarter profit, but the U.S. aerospace giant forecast disappointing 2012 earnings amid rising pension costs and weaker U.S. military spending.
In corporate news, Target edged up 0.1% on solid quarterly figures, as Wal-Mart fell 0.4% on concerns about its profit forecast and expansion of an internal bribery probe past Mexico to Brazil, China and India.
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Despite its better-than-expected results, PepsiCo stood by its forecast that core profit would grow 7 percent for the full year, following a year in which it slashed costs and spent more on marketing its biggest brands.
The telecommunication equipment maker's fiscal second-quarter profit fell 82% as sales stagnated and the company also forecast weaker adjusted profits for this quarter.
Hewlett-Packard led the Dow higher, after the technology company late Thursday reported a quarterly profit that topped analysts' expectations and gave a better-than-expected earnings forecast.
While many psychic, physical and economic scars remain in Japan, Toyota reported a 23-percent rise in quarterly net profit this week and raised its annual profit forecast by 10 percent.
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Though its Q1 loss was a penny wider than expected at 2 cents a share, a 97% climb in revenue year-over-year and an upbeat revenue forecast for the second quarter quieted any profit concerns.
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The company suffered a non-GAAP loss of 3 cents a share, falling short of the Street consensus forecast of a profit of a penny a share.
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