Carnival (CCL) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $0.86 per share a year ago.
Carnival Corporation (CCL) reported record-setting operating results and boosted its full-year guidance for a third time as ticket and other sales jumped. However, shares slipped Monday morning as the cruise operator predicted net yields that were below estimates.
Carnival Corporation (CCL) reported record-setting operating results and boosted its full-year guidance for a third time as ticket and other sales jumped. However, shares slipped Monday morning as the cruise operator predicted net yields that were below estimates.
Carnival Corp (NYSE:CCL) has reported record-breaking results for the third quarter, with net income of $1.7 billion representing a 60% increase compared to the same period in 2023. Company revenue also hit an all-time high of $7.90 billion, proving that the global appetite for charter cruises has well and truly rebounded from the pandemic era.
Carnival's stock took a hit Monday, after the cruise operator reported record fiscal third-quarter revenue that beat expectations, but provided a downbeat outlook for net yields in the current quarter.
Carnival will report results for its seasonally potent fiscal third quarter on Monday morning. A pair of analysts raised their price targets last week, anticipating a strong financial update.
CCL's fiscal third-quarter performance is likely to have benefited from robust booking trends, fleet optimization, and strategic expansions.
Four S&P 500 laggards of this year have double-digit upside left for the rest of 2024. These are: CCL, PFE, ZTS, TDY.
Carnival PLC (LSE:CCL) third quarter update on Monday (31 Sep) comes on the back of a record second quarter with revenue up 18% helped by higher ticket sales and an uplift in onboard spending. So far, worries over consumer spending have yet to show through into demand for cruises and an ageing population should prove a buffer, but with expectations high there is little room for error especially with Carnival's problematic balance sheet.
American stocks performed great this week, thanks to the recent decision by the Federal Reserve to cut interest rates and the robust stimulus provided by Chinese authorities. The Dow Jones rose for three consecutive weeks, reaching a record high of $42,310.
Carnival Corporation CCL will release earnings results for its third quarter, before the opening bell on Monday, Sept. 30.
Stifel Financial sees more upside for Carnival heading into 2025. The cruise leader is coming off a record quarter across all key metrics.