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In August, the company unveiled a four-year turnaround plan to close stores and slash costs, but the benefits have yet to appear as the retailer continues to revise guidance downward.
FORBES: Australia's Billabong Hit With Loss, Cuts Guidance
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Shares throughout the sector lost ground during Monday's trading session as Taiwan Semiconductor Manufacturing, became the latest semiconductor company to revise its guidance downward.
FORBES: Magazine Article
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The continuing waves of negative economic reports in May, June, July and now into August have had economists scrambling to revise their growth forecasts downward, but they have not been quick enough to keep up with the pace of the downbeat reports.
FORBES: Economists Are Behind The Curve Of Economic Reality
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Paul Erickson, an analyst at NPD Group's DisplaySearch, says that like many analysts, he has been forced to revise his next-generation DVD sales projections downward this year, though he declines to give a precise estimate.
WSJ: Blu-ray or HD DVD: Which Side Are You On?
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Analysts are just too bullish at the start of the year, then revise their estimates downward as the year comes to a close.
CNN: Booking a Passage to India