Business
Palantir hikes sales forecasts after record stock run-up
Palantir Technologies raised its annual revenue outlook to US$4.4 billion and outpaced analyst estimates for third-quarter sales, citing…
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Forecasts
Business
Apple CEO forecasts holiday quarter iPhone sales that top Wall Street estimates
The company’s reliance on hardware sales has also left it with greater exposure to US President Donald Trump’s trade war with China. Apple…
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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…
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…
Business
HSBC Forecasts Robust 7.9% GDP Growth for Vietnam in 2025
Vietnam's GDP is predicted to grow 7.9 percent in 2025, according to a report published Tuesday by local media outlet VNExpress, which…
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…
Business
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
Google cloud forecasts US$58 billion revenue boost by 2027
Alphabet is among tech companies racing to build out data centre capacity in order to serve growing demand for 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…
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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 results for April through June and raised its full-year earnings guidance on Wednesday (Aug 6) as…
Business
StanChart sets US$1.3 billion buyback as first-half profit outstrips forecasts
Standard Chartered (StanChart) reported on Thursday (Jul 31) a higher-than-expected 26 per cent jump in first-half pretax profit, as a…
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…
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…