"Radical Earnings Cut": JPMorgan Sounds Alarm After BMW's Forecast Shock
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Source: Zero Hedge
Published: 2026-06-17 22:45 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Middle East, Asia, Europe, Energy, China, Financial Markets, Asia Pacific
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Snippet:
BMW shares cratered in Germany after the automaker warned investors it would slash its 2026 margin guidance to as low as 1%, down from a prior estimate of as high as 6%, amid weakening demand in China, Middle East-related pressures, rising energy costs, and a deteriorating consumer backdrop hitting sales and profitability.
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