Why Carnival (CCL) Shares Are Rising During Wednesday's Session
Portfolio Pulse from Henry Khederian
Carnival Corp's shares are trading higher following its recent earnings report. The company reported quarterly losses of 31 cents per share, beating the analyst consensus estimate of a loss of 34 cents. It also reported quarterly sales of $4.91 billion, exceeding the analyst consensus estimate of $4.77 billion by 2.96%. This marks a significant 104.54% increase over sales of $2.40 billion in the same period last year. The company projects its adjusted FY23 EBITDA to be between $4.10 billion and $4.25 billion.
June 28, 2023 | 3:41 pm
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Carnival Corp's shares are trading higher after it reported better-than-expected earnings and sales. The company also provided a positive outlook for its FY23 EBITDA.
Carnival Corp's better-than-expected earnings and sales, along with a positive outlook for its FY23 EBITDA, are likely to have a positive impact on its stock price in the short term.
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