Carnival Earnings Outlook Misses While Fuel Costs Near 15-Year High

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Carnival Corp. posted a profit for the first time since 2020 but issued a fourth quarter earnings outlook that missed Wall Streets’ expectations as higher fuel and currency costs weigh on its operations.

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Netflix DVD shipments end, Carnival earnings, inflation data: What to watchHere's what to watch on Friday: August PCE data- which includes the Federal Reserve's preferred inflation indicator will be released. Carnival (CCL) will be reporting its third quarter earnings before the opening bell on Wall Street. Netflix (NFLX) is bringing their DVD service to a close. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Carnival stock ticks up on Q3 earnings beat, profit forecastCruise operator Carnival Corp. (CCL) shares set sail this morning, rising after Friday's opening bell on the cruise line's third-quarter earnings. Carnival reported all-time-high third-quarter revenues of $6.9 billion. Yahoo Finance Live breaks down the travel demand driving profit forecasts and investor optimism directed at the stock Yahoo Finance Executive Editor Brian Sozzi will be interviewing Carnival Corporation President, CEO, and Chief Climate Officer Josh Weinstein later today at 3:00 P.M. ET. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Nike Q1 earnings beat, China revenue misses estimatesNike's (NKE) fiscal first quarter adjusted earnings per share of $0.94 topped analyst estimates of $0.75. Revenue slightly missed Street expectations, $12.94 billion versus the $12.99 billion estimate. Great China revenue of $1.74 billion missed estimates of $1.83 billion. Morningstar Equity Analyst David Swartz tells Yahoo Finance Live that margins were a little better than he had been expecting but that 'Nike has a history of consistently beating margin expectations, so you know, I think there's a little bit of sandbagging that Nike tends to bring down expectations to make it easier to beat them.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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Jefferies Revenue Misses Estimates on Investment Banking DragJefferies Financial Group Inc.’s third-quarter revenue missed analyst estimates as the bank continued to weather a challenging environment for dealmaking, sparking an initial share selloff as much as 7%.
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