BREAKINGVIEWS-Tariffs gone wild yield unbridled earnings outlook

Reuters2025-04-17

BREAKINGVIEWS-Tariffs gone wild yield unbridled earnings outlook

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Jennifer Saba

NEW YORK, April 16 (Reuters Breakingviews) - Donald Trump’s shifting trade policy is causing havoc as firms try to pin down the impact. Retailer Walmart kept its profit prediction. United Airlines offered twin forecasts; rival Delta yanked its outlook. Amid the uncertainty, companies can embrace an anything-goes attitude.

Full view will be published shortly.

Follow @jennifersaba on X

CONTEXT NEWS

United Airlines provided two sets of earnings guidance for 2025 on April 15. The major U.S. airline said during a “stable environment” that it expects full-year earnings per share to be in the range of $11.50 to $13.50, while a “recessionary environment” would lower that range to between $7 and $9.

Rival Delta Air Lines withdrew its full-year forecast on April 9. The same day, retailer Walmart reaffirmed its full-year outlook.

(Editing by Jonathan Guilford and Pranav Kiran)

((For previous columns by the author, Reuters customers can click on SABA/jennifer.saba@thomsonreuters.com))

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