Carnival Says Given The Timing Of Yesterday's Event In Baltimore And The Temporary Change In Homeport, Our Guidance Does Not Include The Current Estimated Impact Of Up To $10M On Both Adjusted EBITDA And Adjusted Net Income For FY24
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Carnival Corporation announced that due to an event in Baltimore and a temporary change in homeport, their guidance for the full year 2024 does not include an estimated impact of up to $10 million on both adjusted EBITDA and adjusted net income.
March 27, 2024 | 1:19 pm
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NEGATIVE IMPACT
Carnival Corporation (CCL) announced an unforeseen event in Baltimore and a temporary homeport change could impact 2024's adjusted EBITDA and net income by up to $10 million, not reflected in current guidance.
The announcement directly impacts Carnival Corporation's financial outlook for 2024, indicating a negative effect on earnings due to unforeseen events. This could lead to a decrease in investor confidence and potentially lower stock prices in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Carnival plc (CUK), sharing its operational and financial ties with Carnival Corporation, may also see an indirect impact from the event in Baltimore and the temporary homeport change, affecting its 2024 financial outlook.
Given the operational and financial linkage between Carnival Corporation and Carnival plc, the negative financial impact announced by CCL could indirectly affect CUK's financial performance and investor perception, potentially leading to a short-term negative impact on CUK's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50