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 $0.41 per share...
Cruise stocks have been on a tear recently, boosted by tumbling oil prices and hopes of an end to the Iran war.
Carnival's Q2 earnings on Tuesday are expected to detail booking momentum, fuel cost impact. CCL's stock performance trails this rival.
June Nasdaq 100 E-Mini futures (NQM26) are trending up +0.69% this morning as sentiment improved after Treasury yields retreated from multiyear highs, with attention now turning to an earnings report from chip giant Nvidia.
The S&P 500 Index ($SPX ) (SPY ) today is down -1.17%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.96%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.64%. June E-mini S&P futures (ESM26 ) are down -1.07%, and June E-mini Nasdaq futures...