Carnival beats on earnings and revenue, boosts full-year outlook again

Carnival beat earnings expectations and raised its outlook for the third time this year, as the cruise operator also posted record revenue.

Shares were slightly lower in early trading Monday. The stock has been hot recently, having climbed about 57% over the past six months, though it has cooled off in September.

Earnings per share came in at $1.43, just ahead of estimates of $1.32 from analysts polled by FactSet. Revenue hit $8.2 billion, also topping expectations, fueled by resilient travel demand and higher onboard spending.

Looking ahead: Carnival now expects adjusted net income to climb nearly 55% from 2024, better than its June guidance of 44% better. Adjusted EBITDA is projected at $7.05 billion, up 15% year over year and also topping prior guidance of $6.9 billion.

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Tom Jones1h

Deckers sinks on cautious full-year outlook that falls below estimates, compounding a miserable year for the Ugg-maker

Deckers, the shoe maker behind brands like Ugg and Hoka running sneakers, has dropped around 11% in premarket trading, after issuing a cautious outlook for its current fiscal year last night.

While revenue and profit both rose in the second quarter, up 9.1% and 9.7%, respectively, investors focused on the company’s forecast for the full fiscal year, where it expects sales to come in at $5.35 billion, some way short of the $5.46 billion analysts had estimated, per FactSet figures cited by the Wall Street Journal.

The language around the full-year guidance, which is already weaker than anticipated, has also got Deckers investors worried, with the company stating:

This outlook assumes no meaningful changes to the Company’s business prospects or risks and uncertainties identified by management that could impact future results, which include but are not limited to: changes in macroeconomic conditions, including consumer confidence, discretionary spending, inflationary pressures, and foreign currency fluctuations; changes to global trade policy, including tariffs and trade restrictions; geopolitical tensions; and supply chain disruption.

The shoe company’s shares are down more than 55% in 2025 at the time of writing.

Max Knoblauch

15h

Ford posts better-than-expected profit and sales, but lowers its full-year earnings outlook

Ford shares seesawed in after-hours trading as investors digested the Q3 report.

Intel beats on Q3 earnings, revenue

Here’s what the numbers look like.

Matt Phillips15h

Toby Bochan, Luke Kawa

Market wrap

15h

US stocks rally as momentum stocks live up to their name

All three indexes finished in the green.

Luke Kawa16h

GameStop surges amid bullish options flows

Shares of GameStop are jumping on no news amid elevated options demand that’s got a decidedly bullish tilt.

(Ah, typing that makes me feel younger!)

As of 3 p.m. ET, more than 233,000 call options have changed hands, already 100,000 above their full-day average over the past 20 sessions. And that’s largely one-way traffic: the stock’s put/call ratio is sitting at 0.1, which would be its lowest for a single session since July 21.

Call options that expire this Friday with strike prices of $23.50 and $24 are among the contracts seeing the most activity.

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