Stock Movers Carnival Hikes Profit Outlook, Uber - Waymo Atlanta Partnership, FedEx Misses Estimates
Jun 24, 2025
Carnival's shares soared after the company raised its profit outlook, showcasing strong cruise demand despite global uncertainties. Meanwhile, Uber announced an exciting partnership with Waymo for autonomous ride-sharing in Atlanta, boosting its stock. On the downside, FedEx reported disappointing earnings forecasts, hinting at ongoing challenges from low consumer demand. Additionally, U.S. defense stocks took a hit as a surprising ceasefire between Israel and Iran was announced, shaking up the market landscape.
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Carnival Boosts Profit Outlook
- Carnival Corporation raised its full-year profit outlook due to robust cruise demand despite economic and geopolitical volatility. - Earnings per share estimate rose from $1.83 to $1.97, surpassing analyst expectations of $1.85.
Defense Stocks Drop on Ceasefire
- U.S. defense stocks declined as tensions eased between Israel and Iran with a ceasefire announcement. - Defense companies saw losses despite recent gains driven by escalating Middle East tensions.
Uber Partners with Waymo, Shares Rise
- Uber shares rose sharply after announcing a partnership with Waymo to offer autonomous ride-sharing in Atlanta. - Additionally, Uber-backed Lime is preparing for a U.S. IPO, boosting investor sentiment.