Carnival Q3 Earnings: 15% Topline Growth, Record Operating Income, Guidance Boost And More (CORRECTED)
Portfolio Pulse from Anusuya Lahiri
Carnival Corp reported strong Q3 earnings with a 15% increase in sales and record operating income. Despite beating EPS estimates, the stock slid due to lower-than-expected Q4 EPS guidance. The company projects strong growth for 2024.

September 30, 2024 | 2:37 pm
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Carnival Corp reported strong Q3 results with a 15% increase in sales and record operating income. However, the stock slid due to lower-than-expected Q4 EPS guidance, despite strong 2024 projections.
Carnival's strong Q3 performance with a 15% sales increase and record operating income was overshadowed by lower-than-expected Q4 EPS guidance, leading to a stock price decline. However, the company projects strong growth for 2024, which could positively impact future stock performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
iShares Russell Mid-Cap ETF, which includes Carnival Corp, may experience minor impact due to Carnival's stock decline after Q3 earnings.
iShares Russell Mid-Cap ETF includes Carnival Corp, whose stock declined after Q3 earnings. The ETF's diversified portfolio may cushion against significant impact.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 30
NEUTRAL IMPACT
Vanguard Mid-Cap Growth ETF, which includes Carnival Corp, may see minor impact due to Carnival's stock decline following Q3 earnings.
Vanguard Mid-Cap Growth ETF includes Carnival Corp, whose stock declined after Q3 earnings. However, the ETF's diversified holdings may mitigate significant impact.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 30