Why Carnival Corporation Stock Is Falling Today
Portfolio Pulse from Ryan Gustafson
Carnival Corporation (CCL) shares are trading lower in sympathy with Norwegian Cruise Line Holdings (NCLH), which fell after reporting earnings and issuing guidance. Despite this, CCL stock has rallied 89.15% over the past three months. NCLH reported quarterly earnings of 30 cents per share and sales of $2.21 billion, both beating analyst consensus estimates. However, the company expects full-year occupancy to be roughly 200 bps lower than 2019 levels.
August 04, 2023 | 10:13 am
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NEGATIVE IMPACT
CCL shares are trading lower due to the earnings report and guidance issued by NCLH. However, CCL stock has rallied 89.15% over the past three months.
CCL shares are falling due to the negative sentiment surrounding the cruise industry following NCLH's earnings report and guidance. Despite this, CCL has shown strong performance over the past three months, rallying 89.15%.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NCLH shares fell after the company reported earnings and issued guidance. The company reported quarterly earnings of 30 cents per share and sales of $2.21 billion, both beating analyst consensus estimates. However, the company expects full-year occupancy to be roughly 200 bps lower than 2019 levels.
NCLH shares fell due to the company's guidance of lower full-year occupancy, despite beating earnings and sales estimates. This suggests that investors are concerned about the company's future performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100