Carnival Q1 Sales $5.406B Miss $5.473B Estimate
Portfolio Pulse from Benzinga Newsdesk
Carnival Corporation reported Q1 sales of $5.406 billion, missing the analyst consensus estimate of $5.473 billion by 1.22%. This represents a 21.98% increase over the same period last year.
March 27, 2024 | 1:16 pm
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Carnival Corporation reported Q1 sales of $5.406 billion, missing estimates by 1.22% but showing a significant year-over-year growth of 21.98%.
While Carnival missed the sales estimates slightly, the significant year-over-year growth indicates a strong recovery trajectory. This mixed result could lead to neutral short-term stock price movement as investors weigh the miss against the growth.
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