All posts tagged: Forecasts

Deutsche Bank: August US Auto Sales Beat Forecasts, But Incentives Remain A Factor

Deutsche Bank: August US Auto Sales Beat Forecasts, But Incentives Remain A Factor

Published by Jenni Sidey

U.S. auto sales came in stronger than expected in August, offering another sign that consumer demand for new vehicles remains relatively resilient despite elevated borrowing costs and broader questions about the economy. According to Deutsche Bank’s auto team, led by Edison Yu, August sales ran at a seasonally adjusted annual rate of roughly 16.9 million vehicles. That was comfortably ahead of the bank’s 16.4 million estimate and also above the roughly 16.4 million pace recorded a year earlier. The headline SAAR number was strong, although the underlying monthly figures were somewhat less impressive. Automakers sold approximately 1.388 million vehicles during August, slightly above July’s 1.380 million but below the roughly 1.482 million vehicles sold in August 2025. Sales among both the Detroit Three and major Japanese automakers were modestly better than Deutsche Bank expected. But Hyundai Group was one of the biggest contributors to the upside surprise, beating the bank’s forecast by approximately 14,000 vehicles. Other brands accounted for the remainder of the beat. The closely watched large pickup market was more mixed. Daily sales declined …

ASMI lifts 2027 outlook, forecasts third-quarter revenue above estimates

ASMI lifts 2027 outlook, forecasts third-quarter revenue above estimates

Published by Sam Flores

July 28 : ASM International on Tuesday forecast third-quarter revenue above market expectations and upgraded its 2027 sales outlook, buoyed by continued demand from customers investing in artificial intelligence infrastructure. The Dutch semiconductor equipment maker expects third-quarter revenue of about 1.1 billion euros ($1.25 billion) at constant exchange rates, plus or minus 5 per cent, compared with analysts’ average estimate of 994.5 million euros. AI-related spending has helped offset weakness in automotive, PC and memory markets. “The demand environment remained highly favorable in the second quarter, driven by sustained investment in AI infrastructure to support rapidly expanding compute workloads,” Chief Executive Hichem M’Saad said in a statement. ASMI said it now expects 2027 revenue to exceed the top end of its previously projected 3.7 billion to 4.6 billion euro range, citing higher wafer fab equipment spending and strong order growth. “While the H2 outlook is above expectations, there is unlikely to be material upside to 2027 consensus estimates,” analysts at Jefferies said. Europe’s second-largest semiconductor equipment maker also expects revenue to grow by more than …

Citi cuts bitcoin, ether forecasts as ETF flows turn negative

Citi cuts bitcoin, ether forecasts as ETF flows turn negative

Published by Sam Flores

July 1 : Citigroup slashed its 12-month forecasts for bitcoin and ether, saying weakening investor appetite, negative exchange-traded fund flows and a lack of progress on U.S. digital asset legislation have hurt the outlook for the two largest cryptocurrencies. The brokerage, in a note dated Tuesday, lowered its target for bitcoin to $82,000 from $112,000 and trimmed its ether forecast to $2,240 from $3,175. Bitcoin was last trading at $58,864.27, its weakest level since September 2024, having halved in value from an all-time high of $126,223.18 in October last year. Ether was last at $1,585.63, its lowest since April 2025. Crypto markets have struggled this year amid heightened market volatility, investor hype around big expected IPOs and persistent ETF outflows that track the assets. Both cryptocurrencies are trading below their long-term moving-day averages, reflecting bearish sentiment. Citi’s bear-case scenario, which assumes recessionary macroeconomic conditions and continued ETF outflows, values bitcoin at $53,000 and ether at $1,094 over the next year. Citi said its revision was driven by its decision to cut its 12-month net ETF …

Fire danger looms in the West with forecasts of lightning and wind

Fire danger looms in the West with forecasts of lightning and wind

Published by Sam Flores

A counterintuitive recipe for wildfires is brewing across drought-stricken Western states: a cold front. Limited time: Save 25% on NBC News subscription Get exclusive reporting, live Q&As and ad-free reading. Forecasters expect the large cold front to develop in the Pacific Northwest on Thursday then push southeast into the Intermountain West, creating dry lightning along the storm’s leading edge. The lightning could spark fires, and powerful winds throughout the weekend could spread any new blazes while exacerbating others already burning. “We have high risk for lightning moving across southern and eastern areas today and tomorrow, followed by several days of strong winds,” Basil Newmerzhycky, a forecaster for the Great Basin Coordination Center, said Wednesday in an online briefing. The Salt Lake City-based center organizes firefighting resources for the Intermountain West, a region that includes parts of Arizona, Idaho, Nevada, Utah and Wyoming. “Friday into the weekend, overall fire danger is very high to extreme. Several of our fires are already showing extreme fire behavior,” he added. Forecasters expect a strong windstorm beginning Friday in Utah, …

Weather maps turn blue as forecasts predict coldest day in June – just 1C | Weather | News

Weather maps turn blue as forecasts predict coldest day in June – just 1C | Weather | News

Published by Sam Flores

Britain has experienced a rollercoaster of weather in recent weeks, with a record-breaking heatwave followed by a sharp cool-down. While temperatures as extreme as the 33C recorded in May are not expected to return this month, forecasters predict more swings between warm and chilly conditions. According to the latest forecasts from WXCharts, temperatures are not expected to consistently climb above 20C until mid-June, with highs of around 25C forecast for London on June 15. However, before the warmer weather arrives, parts of the UK are set to face a brief cold spell. On June 11 at 6am, temperatures could drop as low as 1C in parts of Scotland, while much of the rest of the country is expected to see overnight lows of between 5C and 8C. Northern England is forecast to dip to around 5C, while even the typically warmer South East is unlikely to rise much above 10C. Minimum temperature maps reveal that every part of the UK – all 92 counties – could experience temperatures below 10C at around 6am. Just days …

China trade beats forecasts in April despite Middle East war

China trade beats forecasts in April despite Middle East war

Published by Sam Flores

The talks previously set for late March were delayed by the war in the Middle East, which has sent global energy prices soaring as shipping through the vital Strait of Hormuz has effectively come to a halt. The world’s second-largest economy produced a record-breaking trade surplus last year at US$1.2 trillion. For Trump, imbalance in the countries’ trade relationship has long been a major sticking point. SUPERPOWER SUMMIT Ahead of the key meeting, China’s exports to the United States grew 11.3 per cent year-on-year in April, GAC data showed Saturday, returning to growth after dropping sharply by 26.5 per cent in March. Shipments to the United States had also dropped 11 per cent in January and February combined. Trade is set to be a prominent topic in the upcoming meeting between Xi and Trump, with both leaders eyeing key concessions for their massive economies. Beijing has set an official target growth range for this year of 4.5 to 5 per cent – the lowest in decades. Early indications suggest the country’s economy is on pace, …

KLA Corp forecasts quarterly revenue above estimates on AI-linked demand

KLA Corp forecasts quarterly revenue above estimates on AI-linked demand

Published by Sam Flores

April 29 : KLA Corp forecast quarterly revenue above estimates on Thursday, banking on strong demand for its chipmaking tools as semiconductor manufacturers ramp up production of high-end processors for artificial intelligence. However, shares of the Milpitas, California-based company fell nearly 9 per cent in extended trading, with some analysts saying the market had expected a higher guidance. As of Wednesday’s close, KLA’s shares had gained about 50 per cent this year, as rising demand for processors powering large language models and AI applications fueled spending on chipmaking equipment made by companies such as KLA Corp.   The company expects fourth-quarter revenue of $3.58 billion, plus or minus $200 million, compared with analysts’ average estimate of $3.54 billion, according to data compiled by LSEG. It also forecast an adjusted profit of $9.87 per share for the period, plus or minus $1.00. Analysts expect a profit of $9.80 per share. “June-quarter guidance was only near expectations and reflected some memory-related margin pressure, and investors are selling off anything less than massive beats in this environment given lofty …

Amphenol forecasts upbeat quarterly results on AI data center demand

Amphenol forecasts upbeat quarterly results on AI data center demand

Published by Sam Flores

April 29 : Electronic gear maker Amphenol forecast second-quarter revenue above Wall Street estimates on Wednesday, betting on enterprise spending for its components used in artificial intelligence data centers. Shares of the company, which provides interconnect, sensor and antenna solutions for end markets such as automotive, commercial aerospace, defense, industrial and data communications jumped 9.5 per cent in premarket trading. • Demand for Amphenol’s connectors and sensor systems has surged as tech companies aggressively build out data center infrastructure needed to support generative AI workloads. • The company has continued to expand its technology portfolio through acquisitions, including its $10.5 billion purchase of CommScope’s Connectivity and Cable Solutions business in January, which significantly strengthened Amphenol’s capabilities in fiber-optic and data-center connectivity products. • Amphenol forecast revenue in the range of $8.1 billion to $8.2 billion for the quarter ending June 30, compared with analysts’ average estimate of $7.69 billion, according to data compiled by LSEG. • It reported revenue of $7.62 billion for the quarter ended March 31, beating estimates of $7.09 billion. Adjusted profit …