Carnival Q1 2024 Adj EPS $(0.14) Beats $(0.16) Estimate
Portfolio Pulse from Benzinga Newsdesk
Carnival (NYSE:CUK) reported Q1 2024 adjusted EPS of $(0.14), surpassing the $(0.16) estimate, but missed sales forecasts with $5.406 billion against the expected $5.473 billion, marking a 21.98% year-over-year increase.
March 27, 2024 | 1:17 pm
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Carnival reported a smaller-than-expected Q1 2024 loss per share but missed revenue estimates, with a significant year-over-year sales increase.
Beating EPS estimates could be seen positively by investors, indicating better-than-expected cost management and operational efficiency. However, missing revenue forecasts might raise concerns about demand and pricing power, potentially balancing out the positive EPS impact. The significant year-over-year sales growth indicates recovery, which could support investor optimism in the longer term.
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