Carnival (CCL) jumps 8% on earnings. The cruise liner reported 34 cents a share, 9 cents better than expected as revenues rose 6.6% to $6.33 billion. Going forward, the company provided upside guidance thanks to record booking volumes for 2026 and 2027 sailings. Management said their all-in, bundled offerings continue to resonate with cost-conscious travelers.
Nike (NKE) turn around still in progress. The athletic apparel and sneaker maker is down 10% following earnings. The earnings were better than expected, but guidance was weak, particularly in North America. CEO, Elliott Hill mentioned Nike is in the middle of a comeback and expects better long-term growth and profitability for their brands going forward. Investors seem skeptical.
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