Fashion
Nissan forecasts US$1.8 billion annual operating loss as US tariffs weigh
Its outlook for net income for the fiscal year to end-March 2026 remained undetermined Nissan Motor said on Thursday (Oct 30) it expects…
Tag
Forecasts
Business
Lufthansa hits forecasts in third quarter despite weaker North Atlantic market
Lufthansa reported quarterly operating earnings slightly above expectations on Thursday and said the outlook for the fourth quarter was…
Business
Australia’s Lynas Rare Earths Q1 revenue jumps 66% but falls short of forecasts
Lynas is focusing on a build-out of a processing plant in Malaysia, to satisfy East Asian demand First-quarter revenue at Australia’s…
Business
Meta forecasts bigger capital costs next year, US$16 billion tax charge guts Q3 profit
Meta forecast “notably larger” capital expenses next year, thanks to investments in AI, and recorded a nearly US$16 billion one-time…
Business
Mercedes beats margin forecasts as premium sales offset job-cut charges
[BERLIN/FRANKFURT] German carmaker Mercedes-Benz on Wednesday (Oct 29) reported stronger than expected margins at its core autos business…
Business
Nvidia supplier SK Hynix posts record quarterly profit, meets forecasts
South Korea’s SK Hynix posted on Wednesday a record quarterly profit, spurred by an artificial intelligence boom that has driven up demand…
News
How AI can produce detailed storm surge forecasts faster and save lives
Hurricanes are America’s most destructive natural hazards, causing more deaths and property damage than any other type of disaster. Since…
Business
Kering beats third-quarter forecasts as smaller brands cushion Gucci decline
Kering’s overall group sales fell less than analysts expected in the third quarter thanks to the performance of its smaller brands and…
Culture
Lockheed Martin lifts 2025 forecasts on robust defence demand
The company’s total revenue rose 8.8% to US$18.61 billion in the third quarter, above analysts’ average estimate of US$18.56 billion US…
Business
Levi Strauss forecasts annual profit below estimates as tariffs bite
The retailer has leaned into full-price sales through its direct-to-consumer channel, broadened its product offerings and kept a tight…
Business
Manchester United posts sixth year of net loss, forecasts revenue dip
MANCHESTER United reported an annual net loss for the sixth consecutive year on Wednesday (Sep 17) and forecast lower revenue for the…
Business
Nvidia beats Q2 estimates, forecasts higher revenue as stocks slide
Nvidia forecast third-quarter revenue above Wall Street estimates on Wednesday, helped by robust demand for its artificial intelligence…
Business
Estee Lauder forecasts annual profit below estimates as tariffs hit
Estee’s organic net sales for the fourth quarter fell 13%, compared with an 8% rise a year ago Estee Lauder forecast annual profit below…
Culture
Carlsberg misses first-half forecasts, warns of difficult year
It raised its full-year profit guidance, breaking with those rivals who opted to keep their forecasts unchanged Carlsberg missed half-year…
Business
Expedia raises gross bookings, revenue growth forecasts amid US travel demand recovery
EXPEDIA raised its annual forecast for gross bookings and revenue growth on Thursday, amid a recovery of demand in the United States,…
Business
UOB resumes guidance for FY2025 with trimmed forecasts amid Q2 earnings miss
UOB has resumed guidance on its full-year 2025 targets after briefly pausing them in the first quarter, but the projections are now…
Business
Disney tops earnings forecasts with streaming gains, raises guidance
Walt Disney posted better-than-expected quarterly results and raised its annual profit forecast on Wednesday (Aug 6), led by gains in…
Business
StanChart sets US$1.3 billion buyback as H1 profit outstrips forecasts
Standard Chartered reported on Thursday (Jul 31) a higher-than-expected 26 per cent jump in first-half pre-tax profit, as a strong…
Business
Nvidia supplier SK Hynix Q2 profit rises 69%, meets forecasts
South Korea’s SK Hynix posted on Thursday a record quarterly profit, driven by strong demand for advanced chips used in generative…
Business
Asia: Markets mixed as China’s economy meets forecasts
Markets were mixed on Tuesday as positive Chinese economic data was offset by weak consumer spending, while optimism that governments will…
News
Republicans want to privatize weather forecasts. Do Trump appointees stand to benefit?
As commerce secretary, Howard Lutnick oversees the U.S. government’s vast efforts to monitor and predict the weather. The billionaire also…
Business
Goldman Sachs raises S&P 500 return forecasts
Goldman Sachs has raised its three-, six- and 12-month S&P 500 return forecasts, citing expectations of earlier and deeper US interest…
News
Debate erupts over role job cuts played in weather forecasts ahead of deadly Texas floods
Former federal officials and outside experts have warned for months that President Donald Trump's deep staffing cuts to the National…
Business
Wall Street forecasts windfall for big US banks from Fed plan to ease leverage rule
Large US global banks can expect as much as US$6 trillion in additional balance sheet capacity and billions in freed up capital under a…