Carnival stock has outperformed the market, as its recent earnings justified the market's optimism. CCL posts sector-leading profitability grades, underpinning its ability to reduce debt further. Carnival is riding the cruise industry's secular growth drivers amid an upcycle of travel.
Carnival has rebounded from the pandemic. Can the cruise stock keep moving higher?
CCL's third-quarter fiscal 2024 performance benefits from sustained demand strength and increased booking volumes at significantly higher prices.
Shares of Carnival Corp CCL tanked in early trading on Tuesday, even after the company reported upbeat third-quarter earnings.
Q3 is closing strong behind hopefulness regarding further interest rate cuts, including companies in the Homebuilding space.
Carnival CEO Josh Weinstein discusses hurricane season in the Caribbean on 'The Claman Countdown.'
Michael Farr, Hightower Advisors chief market strategist, joins 'Power Lunch' to discuss stock plays for three stocks.
Cruise line operator Carnival (CCL, Financial) experienced another wave of demand in Q3, enabling it to exceed EPS and revenue estimates while delivering record results across various metrics. Despite this, the stock is drifting lower as investors lock in prior gains.
Carnival Corporation & plc (NYSE:CCL ) Q3 2024 Earnings Conference Call September 30, 2024 10:00 AM ET Company Participants Beth Roberts - SVP, IR Josh Weinstein - President, CEO and Chief Climate Officer David Bernstein - CFO and CAO Conference Call Participants Matthew Boss - JPMorgan Steve Wieczynski - Stifel Robin Farley - UBS Ben Chaiken - Mizuho Securities James Hardiman - Citi Patrick Scholes - Truist Securities Brandt Montour - Barclays Conor Cunningham - Melius Research David Katz - Jefferies Jaime Katz - Morningstar Assia Georgieva - Infinity Research Dan Politzer - Wells Fargo Chris Stathoulopoulos - SIG Fred Wightman - Wolfe Research Operator Greetings, and welcome to the Carnival Corporation Plc Third Quarter 2024 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
Carnival CEO Josh Weinstein joins CNBC's 'Money Movers' to discuss the company's third-quarter earnings beat, how it plans to continue to grow and maintain strong consumer demand, and more.
The headline numbers for Carnival (CCL) give insight into how the company performed in the quarter ended August 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Carnival saw revenue and adjusted earnings per share climb 15% and 62%, respectively, in its latest quarter. Carnival's trailing earnings multiple went from 24 to 16 after the report.