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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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
NEGATIVE IMPACT
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