Why Carnival Corporation Stock Is Rising Today
Portfolio Pulse from Ryan Gustafson
Carnival Corporation (NYSE:CCL) shares are trading higher ahead of its third-quarter earnings report due on Friday. The company is expected to report earnings of 75 cents per share and revenue of $6.69 billion. Despite a recent decline in price due to volatility in the travel sector and rising COVID-19 cases, the stock is up 80.40% year-to-date.
September 28, 2023 | 7:43 pm
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Carnival Corporation's stock is trading higher ahead of its Q3 earnings report. Despite recent volatility in the travel sector and rising COVID-19 cases, the stock is up 80.40% YTD.
The rise in Carnival Corporation's stock price is likely due to the anticipation of its Q3 earnings report. Despite recent challenges in the travel sector and rising COVID-19 cases, the stock has performed well this year, which could be a positive sign for investors.
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IMPORTANCE 80
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