Carnival tanks after slashing its full-year profit forecast for the 2nd time in 3 months

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The company cited disruptions to the Carnival Vista, the US government’s Cuba travel ban, and expected lower net revenue as reasons for the outlook.

Carnival Plc shares fell after the company lowered its full-year earnings outlook Thursday. The company also reported lower bookings and issues with itineraries on ships. This is the second time in six months the company has lowered its full-year earnings outlook. Watch Carnival trade live on Markets Insider. Sailing the open seas is looking less appealing for both travelers and investors.

Carnival Plc shares fell after the company lowered its full-year earnings outlook Thursday. The company also reported lower bookings and issues with itineraries on ships. This is the second time in six months the company has lowered its full-year earnings outlook. Watch Carnival trade live on Markets Insider. Sailing the open seas is looking less appealing for both travelers and investors.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Truckers are warning of a 'bloodbath' as trucking companies go bankrupt or slash their profit expectationsAmerica's $800 billion trucking industry is getting hit by a downturn right now, and it's hitting everyone from UPS and FedEx to independent truckers. With every one sending parcels to every one
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks making the biggest moves premarket: Darden, Oracle, Carnival, Slack, Tesla, Netflix & moreThese are the stocks posting the largest moves before the bell. Are bahut ka company h koun acha kaam kre salary nahi mila dollar
Source: CNBC - 🏆 12. / 72 Read more »