Forecast
Lufthansa slashes 2024 earnings forecast after costly strikes
LUFTHANSA slashed its full-year earnings outlook for 2024 on Monday (Apr 15), blaming a series of strikes and a slower than planned ramp up of capacity, in a profit...
US power use forecast to reach record highs in 2024 and 2025
US power consumption will rise to record highs in 2024 and 2025, the US Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday (Apr...
Levi Strauss raises profit forecast on cost saving initiatives, fewer discounts
LEVI Strauss raised its annual profit forecast on Wednesday (Apr 3), citing the apparel maker’s recent cost savings from job cuts and less aggressive discounts on its jeans and...
Chinese EV maker Nio cuts Q1 deliveries forecast amid tepid demand
CHINESE electric-vehicle maker Nio lowered its forecast for first-quarter deliveries on Wednesday (Mar 27), as it grapples with slowing demand and a price war in China.
The company’s US-listed shares...
Goldman revises dollar-yen forecast upward on benign macro risks
GOLDMAN Sachs Group raised its forecasts for the dollar versus the yen, expecting a benign macro setup to weigh on the Japanese currency in coming months. The firm now...
Micron soars after AI growth helps bolster revenue forecast
MICRON Technology, the largest United States maker of computer memory chips, jumped in late trading after giving a surprisingly strong revenue forecast for the current quarter, buoyed by demand...
Adobe drops on weak forecast fuelled by AI competition fears
ADOBE dropped about 10 per cent in extended trading after giving a weak outlook for sales in the current quarter, fuelling concerns that new artificial intelligence (AI) focused startups...
Brokers’ take: Analysts cut DFI Retail Group target on lower earnings forecast
ANALYSTS have shaved their price targets for DFI Retail Group upon trimming their earnings estimates. This came after the group’s core underlying earnings of US$155 million reported last Thursday...
