Carnival Posts Strong Q3 Earnings, Analysts Suspect 'Some Conservatism Built Into Q4 Guidance'
Portfolio Pulse from Priya Nigam
Carnival Corp (NYSE:CCL) reported strong Q3 earnings, surpassing expectations with adjusted earnings of $1.27 per share. Despite this, shares fell 3.2% to $17.90. Analysts have mixed ratings, with some noting conservative Q4 guidance and concerns over revenue yields. However, strong bookings and favorable fuel and currency impacts are positive signs for future earnings.
October 01, 2024 | 3:30 pm
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Carnival Corp reported strong Q3 earnings, beating expectations with $1.27 per share. Despite this, shares fell 3.2% due to conservative Q4 guidance and concerns over revenue yields. Analysts have mixed ratings, but strong bookings and favorable conditions could boost future earnings.
Carnival's strong Q3 earnings were overshadowed by conservative Q4 guidance, leading to a 3.2% drop in share price. Analysts have mixed views, with some concerned about revenue yields and others optimistic about future earnings due to strong bookings and favorable conditions. This creates a neutral short-term impact as the market digests these mixed signals.
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