Carnival Corp. Tumbles After Q3 Earnings Miss By

© Reuters. By Sam Boughedda  Carnival Corp. (NYSE:) shares plummeted over 19% Friday after the company posted earnings for its latest quarter, missing earnings and revenue estimates. The cruise line company a loss per share for the third quarter of $0.65, $0.54 worse than the analyst estimate of a loss of $0.11, while revenue came … Read more

New Week Opening Cues: SGX Nifty Tumbles, Asian Shares Tank, Sterling Collapses

By Malvika Gurung — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.82% or 141.5 points lower at 8:25 am on Monday, tracking global sell-offs and indicating a negative opening on Dalal Street. Further, the and fell 0.36% each. Major indices on Wall Street continued to slump on Friday as … Read more

Stitch Fix Tumbles 10% on Big Miss, Analyst Sees ‘Structural Concerns’ By

© Reuters. By Senad Karaahmetovic Shares of Stitch Fix (NASDAQ:) are down 10% in pre-open today after the company reported weaker-than-expected results and guided down for FQ1. Stitch Fix an FQ4 loss per share of $0.89, significantly worse than the analyst estimate calling for a loss per share of $0.63. Revenue for the quarter came … Read more

Chinese Yuan Tumbles After PBoC Rate Cut, Fed Fears Hit Asia FX

By Ambar Warrick– China’s yuan sank further below key levels on Monday after more monetary easing in the country, while broader Asian currencies tumbled in anticipation of a Federal Reserve meeting later this week. The fell 0.4% to an over two-year low of 7.0080 to the dollar, its second day spent in breach of the … Read more