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US Tariffs Slash Earnings: Companies Revise Forecasts

4/24/2025

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Summary

Story summary

US tariffs are hurting major companies' earnings, leading to revised forecasts.
PepsiCo projects a 3% decline in core EPS due to increased supply-chain costs from tariffs.
Nokia expects a €20-30 million reduction in Q2 operating profit and is exploring US manufacturing expansion.
Airlines like American and Southwest have retracted long-term forecasts due to tariff-related economic uncertainty.
Chipotle reports fewer customer visits amid economic worries; Unilever notes limited tariff impact but recognizes market volatility.

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Story summary

US tariffs are hurting major companies' earnings, leading to revised forecasts.
PepsiCo projects a 3% decline in core EPS due to increased supply-chain costs from tariffs.
Nokia expects a €20-30 million reduction in Q2 operating profit and is exploring US manufacturing expansion.
Airlines like American and Southwest have retracted long-term forecasts due to tariff-related economic uncertainty.
Chipotle reports fewer customer visits amid economic worries; Unilever notes limited tariff impact but recognizes market volatility.