Shares of Carnival Corp. climbed 4.7% in morning trading Monday, after the cruise operator reported better-than-expected fiscal first-quarter results, amid...
Shares of Carnival Corp. CCL UK:CCL climbed 4.7% in morning trading Monday, after the cruise operator reported better-than-expected fiscal first-quarter results, amid record bookings, but provided a downbeat second-quarter outlook. The net loss for the quarter to Feb. 28 narrowed to $693 million, or 55 cents a share, from $1.89 billion, or $1.66 a share, in the year-ago period. Excluding nonrecurring items, the adjusted per-share loss of 55 cents beat the FactSet loss consensus of 60 cents.
28 narrowed to $693 million, or 55 cents a share, from $1.89 billion, or $1.66 a share, in the year-ago period. Excluding nonrecurring items, the adjusted per-share loss of 55 cents beat the FactSet loss consensus of 60 cents. Revenue jumped 173.1% to $4.43 billion, above the FactSet consensus of $4.32 billion, and representing about 95% of 2019 levels, compared with fourth-quarter revenue that was 80% of 2019 levels.
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