Business
Pinterest forecasts downbeat revenue as it battles for digital ad dollars; shares plunge
EREST forecast first-quarter revenue below estimates on Thursday, underscoring the image-sharing platform’s ongoing struggle to compete…
Tag
Forecasts
Business
Roblox forecasts strong annual bookings as gaming platform momentum grows
Roblox forecast fiscal 2026 bookings of between US$8.28 billion and US$8.55 billion, above estimates OX forecast fiscal 2026 bookings…
Business
Reddit forecasts revenue above estimates as AI fuels ad sales
IT forecast first-quarter revenue above analysts’ estimates on Thursday (Feb 5), as artificial intelligence-powered enhancements to its ad…
Business
Uber forecasts profit below estimates as cheaper rides boost trips but hurt margins
Uber Technologies forecast first-quarter profit below market expectations and missed fourth-quarter estimates on Wednesday (Feb 4), as…
Business
Mondelez forecasts muted annual revenue, profit as price hikes pull down volume
URY-PARENT Mondelez International forecast annual revenue and profit below Wall Street estimates on Tuesday, as shoppers traded down from…
Business
American Airlines forecasts upbeat 2026
American Airlines forecast its 2026 profit above Wall Street expectations on Tuesday (Jan 27) even as it flagged a hit of up to US$200…
Business
UOBKH forecasts STI to hit 5,400 by end-2026; bets on EQDP boost, banking giants
The Straits Times Index (STI) may reach 5,400 points by the end of 2026, driven by policy tailwinds and resilient corporate earnings, said…
Business
Bank of Japan keeps rates steady, raises growth and inflation forecasts
The Bank of Japan kept interest rates steady on Friday and raised its economic and inflation forecasts, signalling its readiness to…
Business
Info-Tech Systems forecasts ‘considerable increase’ in consolidated net profit for FY2025
Software provider Info-Tech Systems expects to report a “considerable increase” in its consolidated net profit for FY2025, compared with…
Business
TSMC smashes forecasts with record profit as it rides AI boom
Its results come as Taiwan signalled that a tariff deal with the US could come soon TSMC, the world’s main producer of advanced AI chips…
Business
TSMC smashes forecasts with record profit, flags more US factories
Its results come as Taiwan signalled that a tariff deal with the US could come soon TSMC, the world’s main producer of advanced AI chips,…
Business
UOBKH initiates coverage on NTT DC Reit with ‘buy’; forecasts 41% upside
The analyst points out that the Reit has enjoyed a ‘steady rise’ in portfolio occupancy NTT DC Reit has the highest distribution yield…
Business
JPMorgan forecasts 2027 Fed hike; Barclays, Goldman postpone rate cut calls
Data suggests the labour market is holding, aiding belief that the Fed will leave borrowing costs unchanged at its January meeting…
Business
Micron forecasts blowout earnings on booming AI market, shares rise 5.7%
MICRON Technology forecast second-quarter adjusted profit at nearly double what Wall Street analysts expected on Wednesday, buoyed by…
Business
S&P Global shifts Genting companies’ outlook to negative on weaker credit quality forecasts
Group capital expenditure could double in 2026, with earnings ‘unlikely’ to keep pace S&P Global Ratings revised its outlook for the…
Business
Pfizer forecasts 2026 profit below expectations on lower Covid product sales
Pfizer has rolled out a sweeping cost reduction programme in response to the drop in Covid-19 sales Pfizer on Tuesday (Dec 16) forecast…
Business
Ford scales back EV ambitions, forecasts US$19.5 billion write-down
The company will focus on a family of smaller, affordable electric vehicles instead FORD on Monday announced a major retreat from large…
Business
Broadcom forecasts upbeat quarterly revenue on AI chip demand
The company reported revenue of US$18.02 billion for the fourth quarter ended Nov 2, above analysts’ average estimates BROADCOM on…
Business
Hewlett Packard forecasts weak quarterly revenue, shares fall
Analysts expect macroeconomic weakness to continue to pressure the compute, storage and networking sectors Hewlett Packard Enterprise…
Business
Dell forecasts upbeat growth targets on strength in AI server sales
DELL forecast fourth-quarter revenue and profit above Wall Street estimates on Tuesday, as increasing investments in data centres to…
Business
Japan’s megabanks lift profit forecasts to record highs, step up buybacks
The banks’ strong Q2 earnings demonstrate their success in weathering uncertain global economic conditions Japan’s largest banks raised…
Business
Asia: Markets bounce from selloff as US jobs beat forecasts
ASIAN markets rose on Thursday to claw back some of the previous day’s hefty losses as investors tracked a bounce on Wall Street sparked…
Business
DBS shares soar more than 3% to hit a record high, after posting earnings that beat forecasts
Lender’s Q3 net profit is S$2.95 billion – higher than the S$2.79 billion estimated in survey Shares of DBS rocketed more than 3 per cent…
Business
DBS shares soar more than 3.8% to hit a record high, after posting earnings that beat forecasts
Lender’s Q3 net profit is S$2.95 billion – higher than the S$2.79 billion estimated in survey Shares of DBS rocketed more than 3 per cent…