Shares of Carnival (CCL) closed lower on Friday despite reporting record third-quarter revenues of $6.9 billion. Carnival CEO Josh Weinstein joins Yahoo Finance to break down why the company isn't concerned with the stock price and has a positive outlook going forward. Weinstein boasted the company's strong occupancy with bookings at higher prices. 'Cruising is inherently an unprecedented value compared to land-based alternatives,' Weinstein said, pointing out why consumers are willing to spend money on a cruise vacation despite recent economic headwinds. But travelers aren't just booking vacations. They are spending more when they get on board too. 'As we look out over the next 12 months, the onboard spend levels haven't slowed down, the absolute amount that folks are paying for when they're on board for experiences...hasn't slowed down,' Weinstein said. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Tina Turner was a singer, songwriter and actress. Known as the "Queen of Rock 'n' Roll".Artizia sees $6M net loss in Q2, CEO says results 'do not meet our high standards'
VANCOUVER — Aritzia Inc. says it incurred an almost $6 million net loss in its latest quarter as its chief executive admitted the financial results do not meet its "high standards." The Vancouver apparel company says the net loss in the second quarter compared with a net income of $46 million during the same period the year before. Aritzia's net loss amounted to five cents per diluted share for the period ended Aug.
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Congress running out of time to avert a shutdown, UAW expands strike: Yahoo Finance LiveInvestors are bracing for a shutdown as Congress attempts to reach a deal with just a little over a day remaining. Meanwhile, the UAW is expanding its strikes against Ford (F) and General Motors (GM). Stellantis (STLA) was spared due to progress being made in negotiations. Shares of Carnival (CCL) are falling despite reporting record revenue. Carnival CEO Josh Weinstein will discuss the results at 3:35 p.m. ET. Other trending tickers include Walgreens Boots Alliance (WBA), Blue Apron (APRN), and Duolingo (DUOL).Top guests on Yahoo Finance Live today include:3:05 p.m. ET - Callie Cox, eToro USA Investment Analyst3:35 p.m. ET - Josh Weinstein, Carnival Corporation CEO, President, & Chief Climate Officer3:50 p.m. ET - Eric Hansotia, Agco Corporation CE)4:00 p.m. ET - Steve Rattner, Willett Advisors Chairman and CEO, Fmr. Head Of Obama Auto Task Force4:15 p.m. ET - Zeke Faux, 'Number Go Up' author, Bloomberg Reporter
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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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Carnival Earnings Outlook Misses While Fuel Costs Near 15-Year HighCarnival 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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Carnival posts quarterly profit versus year-ago loss(Reuters) - Carnival reported a quarterly profit compared with a year-ago loss on Friday, benefiting from higher ticket pricing and robust demand for ...
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Walgreens leadership, Trimble-AGCO deal, Carnival earnings: Trending tickersWalgreens Boots Alliance (WBA) shares are trading higher on a Bloomberg report that the pharmacy retailer is considering former Cigna executive Tim Wentworth for CEO. Walgreens announced the surprising departure of CEO Rosalind Brewer earlier this month. Analysts at Raymond James upgraded Trimble (TRMBL) shares to 'outperform' after the company announced it was selling $2 billion worth of tech assets to AGCO (AGCO). AGCO CEO Eric Hanostia told Yahoo Finance Live that the deal will help build its 'mixed-fleet' opportunity. Carnival (CCL) shares traded lower after reporting third quarter results that topped analyst estimates, but fourth quarter guidance disappointed. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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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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