"Cruise company Royal Caribbean ( NYSE: RCL) beat earnings by six cents last night, reporting a huge $5.75 per share profit despite sales coming in just a bit light at $5.1 billion. It's a bit concerning that Royal Caribbean said earnings for the full year will fall short of expectations, however, with a forecast between $15.58 and $15.63 per share, and this forecast is costing the stock 8% in early trading."
"S&P 500 component company and health insurance giant UnitedHealth Group ( NYSE: UNH) did substantially better, beating earnings by 11 cents this morning, and reporting $2.92 per share in Q3 profit on $113.2 billion in revenue, which was also ahead of estimates. UnitedHealth stock is up about 1% in response. Another S&P 500 component company, UPS ( NYSE: UPS) did even better, beating by 44 cents with a profit of $1.74 per share in Q3."
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Earnings season is in full swing and strong reports from large S&P 500 firms are nudging the Vanguard S&P 500 ETF higher, with VOO up about 0.2%. Royal Caribbean beat quarterly earnings with $5.75 per share profit but issued weak full‑year guidance of $15.58–$15.63 per share, dragging the stock down around 8%. UnitedHealth beat expectations with $2.92 per share on $113.2 billion in revenue and gained roughly 1%. UPS beat estimates with $1.74 per share and $21.4 billion revenue, and subsequently raised Q4 revenue expectations, lifting its stock substantially. Major tech and AI companies will report in the next two days.
Read at 24/7 Wall St.
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