Forecast
Japan’s steelmaker JFE cuts annual profit forecast on slow local demand, slumping Asia market
JAPAN’S second-biggest steelmaker, JFE Holdings, lowered its forecast for annual net profit by 37 per cent, hit by slow demand for building materials at home and a slumping Asian...
Palantir raises 2024 revenue forecast again on robust AI adoption; shares surge
PALANTIR Technologies on Monday (Nov 4) raised its annual revenue forecast for the third time, betting on strong spending from governments and rising demand for its software services from...
Marriott trims 2024 profit forecast on sluggish China domestic travel demand
MARRIOTT International cut its annual profit forecast on Monday (Nov 4) as weak domestic travel in China overshadows strong group and international demand, sending its shares down 3.4 per...
Apple disappoints investors with tepid forecast, China weakness
APPLE Inc, heading into its most critical sales period of the year, sparked fresh concerns about revenue growth and lingering weakness in an intensely competitive China market.Following the company’s...
Uber issues muted holiday forecast as it hits record profit
UBER Technologies reported weaker-than-expected ride bookings and issued a middling forecast for the holiday quarter, even as it delivered record operating profit. The company posted US$1.06 billion in operating income...
Reddit surges to new high after strong holiday-quarter forecast
REDDIT shares surged as much as 22 per cent in extended trading on Tuesday (Oct 29) after the company’s sales and forecast beat analyst expectations.The social network operator, which...
India central bank’s rosy growth forecast baffles economists
THE Reserve Bank of India’s (RBI) upbeat growth estimates for the world’s fastest-growing major economy is causing both confusion and concern among economists.The central bank has stuck to its...
Mattel beats profit estimates on cost controls but trims annual sales forecast
MATTEL topped Wall Street estimates for quarterly profit as the Barbie parent kept a tight leash on costs but lowered its annual sales forecast heading into the crucial holiday...
