Carnival Corp (CCL.N) on Friday forecast a loss in the fourth quarter after it reported results for the third quarter that fell well short of Wall Street estimates, as higher fuel prices and cheaper fares offset a rise in bookings.
Target Corp (TGT.N) reported a bigger-than-expected 90% fall in quarterly earnings on Wednesday and missed estimates for comparable sales as it struggled to lure inflation-hit shoppers with steep discounts on apparel, electronics and home goods.
Roblox Corp (RBLX.N) missed estimates for quarterly bookings on Tuesday, in yet another sign the gaming industry is facing a slowdown after a pandemic-fueled boom, sending shares of the gaming platform down around 19% in extended trading.
Andrea Mather’s plans for a long-awaited summer cruise around the Hawaiian islands with her financial analyst husband unraveled after her booking with Norwegian Cruise Line’s (NCLH.N) Pride of America was canceled due to a staffing shortage.
Lululemon Athletica (LULU.O) on Thursday raised its full-year revenue and profit forecasts on strong demand for athleisure, and said the impact from COVID-19-related lockdowns in China was modest and more than offset by strength in other regions.
Royal Caribbean Group (RCL.N) on Thursday flagged slow summer demand for European cruises due to the Ukraine crisis, after a dull first quarter as it reeled under a resurgence in COVID infections in some parts of the world.
Domino’s Pizza Inc (DPZ.N) missed quarterly sales estimates on Thursday and warned staffing shortages and inflation would pressure its business further into the year, sending the fast-food chain’s shares down 5%.
Lululemon Athletica (LULU.O) on Tuesday forecast full-year profit and revenue above estimates as demand for athletic wear remains consistent even as people return to offices, and said it plans selective price increases on some of its products.
A number of Uber and Lyft drivers are considering quitting the app-based ride-hailing platforms as fueling up becomes costlier, with some calling the newly announced surcharges “insulting”.
DoorDash Inc reported quarterly revenue on Wednesday that beat estimates as food delivery demand showed no sign of slowing, indicating ordering habits have changed permanently, sending the company’s shares up 24% after the bell.
Uber and Lyft are emerging from the pandemic as leaner, lower-cost companies with a long-elusive operating profit and the unexpected power to raise prices without alienating riders.
