- Royal Caribbean Cruises Ltd (RCL) reported a 34% rise in revenue for Q3, surpassing analysts’ expectations. The company credits the strong performance to increased demand for cruises and higher onboard spending.
- Starbucks (SBUX) announced plans to open 22,000 new stores globally by 2030. The coffee giant aims to accelerate growth and expand its presence in emerging markets.
- UPS (United Parcel Service) reported a 10% increase in revenue for Q3, driven by strong e-commerce demand. The company also raised its full-year earnings outlook.
- Valero Energy Corp (VLO) reported a 72% increase in net income for Q3, with revenue up 54%. The company benefited from higher refining margins and improved demand for fuel.
- Exxon Mobil Corp (XOM) reported a 60% increase in profit for Q3, as oil prices surged. The company’s revenue also rose by 78%, exceeding expectations.
Read more at Yahoo Finance: Market Update: RCL, SBUX, UPS, VLO, XOM
