Carnival Q2: Revenue Doubles, SEA Change Program & More
Portfolio Pulse from Shivani Kumaresan
Carnival Corp reported Q2 FY23 sales growth of 104.5% YoY to $4.91 billion, beating the analyst consensus of $4.77 billion. The company raised its FY23 adjusted EBITDA guidance and expects positive net yields for the second half of the year. However, CCL shares are trading lower by 10%.
June 26, 2023 | 4:08 pm
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Carnival Corp reported strong Q2 results, beating estimates and raising FY23 EBITDA guidance. Despite the positive news, CCL shares are trading lower by 10%.
Carnival Corp reported better-than-expected Q2 results and raised its FY23 EBITDA guidance, indicating a strong recovery. However, the stock price is down 10%, possibly due to profit-taking or concerns about the suspension of cruises to Russia.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100