What's Going On With Cruise Operator Carnival's Stock Today?
Portfolio Pulse from Shivani Kumaresan
Carnival Corp reported Q3 FY23 sales growth of 59% YoY to $6.85 billion, beating the analyst consensus. Passenger Cruise Days increased 45% YoY, and the operating income was $1.6 billion. The company held $2.8 billion in cash and equivalents. Adjusted EBITDA for the quarter was $2.22 billion, exceeding the guidance range. Adjusted EPS of $0.86 beat the consensus. The company's outlook for FY23 adjusted EBITDA is $4.10 billion - $4.20 billion. However, CCL shares are trading lower by 4.7%.
September 29, 2023 | 2:43 pm
News sentiment analysis
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NEGATIVE IMPACT
Despite reporting strong Q3 FY23 results, Carnival Corp's stock is trading lower.
Carnival Corp reported strong Q3 FY23 results, beating analyst expectations. However, this positive news did not prevent a drop in the company's stock price, indicating that other factors may be influencing investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Carnival Corp's strong Q3 FY23 results did not have a positive impact on CUK shares.
Carnival Corp reported strong Q3 FY23 results, beating analyst expectations. However, this positive news did not have a positive impact on the company's CUK shares, indicating that other factors may be influencing investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100