Carnival Q1 2024 Adj EPS $(0.14) Beats $(0.16) Estimate, Sales $5.406B Miss $5.473B Estimate
Portfolio Pulse from Benzinga Newsdesk
Carnival reported Q1 2024 adjusted EPS of $(0.14), surpassing the $(0.16) estimate, but its sales of $5.406B fell short of the $5.473B estimate. This represents a 21.98% increase in sales compared to the same period last year.
March 27, 2024 | 1:20 pm
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Carnival reported a smaller-than-expected Q1 2024 loss per share but missed sales estimates, showing a significant year-over-year sales increase.
While Carnival's EPS outperformed expectations, the slight miss in sales forecasts could temper investor enthusiasm. However, the substantial year-over-year sales growth indicates recovery and might balance out the negative impact of the sales miss in the short term.
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