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Company News for Oct 3, 2022

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  • Shares of Carnival Corporation & plc (CCL - Free Report) plummeted 23.3% after it forecast a loss for the fourth quarter and a delayed return to profitability.
  • Shares of NIKE, Inc. (NKE - Free Report) plunged 12.8% after it reported a 44% increase in inventories.
  • Microsoft Corporation’s (MSFT - Free Report) shares fell 1.9% on the broader tech slump.
  • Twitter, Inc.’s shares rose 2.6% as reports emerged that Hollywood super-agent Ari Emanuel has attempted a settlement between Elon Musk and Twitter.

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