The cruise operator has outperformed its peers this year and its earnings should keep that trend going.
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Carnival reported second quarter revenue of $6.6 billion, slightly below Wall Street’s estimates of $6.7 billion.
Carnival Corp (NYSE:CCL) shares fell almost 6% on Tuesday after the cruise operator issued a third quarter profit outlook below Wall Street expectations, overshadowing stronger-than-expected second-quarter results and record revenue. The company reported adjusted earnings of $0.41 per share...
Cruise stocks have been on a tear recently, boosted by tumbling oil prices and hopes of an end to the Iran war.
June Nasdaq 100 E-Mini futures (NQM26) are trending up +0.69% this morning as sentiment improved after Treasury yields retreated from multiyear highs, with attention now turning to an earnings report from chip giant Nvidia.