Carnival Beat Earnings Estimates in Record Quarter. Why the Stock Isn’t Soaring.

Carnival turned in higher earnings and revenue than expected in the third quarter as a result of strong demand in North America and Europe, but forecast a larger loss than anticipated for the final three months of its fiscal year.

Analysts were expecting earnings per share of 75 cents on revenue of $6.7 billion, according to FactSet data. The stock wavered in early trading but was 2% up shortly after the open. However, Carnival’s fourth-quarter guidance may be a concern for some investors. The company said it expects a loss of between 10 cents and 18 cents per share, a greater loss than the 11 cents per share expected by analysts.

United States United States Latest News, United States United States Headlines

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

Nike Earnings Handily Beat Estimates, While Revenue Misses SlightlyRevenue of $12.9 billion for the latest quarter was just shy of expectations for $13 billion in revenue, but earnings were well ahead of the Street's...
Source: MarketWatch - 🏆 3. / 97 Read more »

Carnival earnings to focus on margins, fuel costs amid cruise travel boomA surge in global oil prices, as well as higher labor and marketing costs, could eat further into profits for the world’s biggest cruise line operator.
Source: startelegram - 🏆 248. / 63 Read more »

Nike reports blowout earnings in Q1, but revenue falls short of estimates By Investing.comNike reports blowout earnings in Q1, but revenue falls short of estimates
Source: Investingcom - 🏆 450. / 53 Read more »

Nike Stock Forecast: Earnings beat triggers NKE to surpass 21-day moving averageNike (NKE) stock has surged over 9% in Friday’s premarket, climbing above $98 per share, following late Thursday’s fiscal first-quarter earnings rele
Source: FXStreetNews - 🏆 14. / 72 Read more »

Nike stock rallies after earnings beat, boosting Foot Locker sharesNike, Foot Locker and Bionomics are stocks in the spotlight
Source: MarketWatch - 🏆 3. / 97 Read more »

These Stocks Are Moving the Most Today: Nike, Tesla, Ford, GM, Carnival, Bumble, and MoreNike's fiscal first-quarter earnings top analysts' estimates, Tesla is sued for racial harassment at its factory in California, and the UAW strike against...
Source: MarketWatch - 🏆 3. / 97 Read more »