Carnival Corporation is a prominent global cruise company that operates a diverse fleet of cruise ships under various brands, offering vacation experiences to travelers around the world
The company specializes in providing a wide range of cruise itineraries, including popular destinations like the Caribbean, Europe, and Asia. Alongside its cruise operations, Carnival also focuses on delivering exceptional onboard entertainment, dining, and hospitality services, making it a leader in the leisure travel industry. With a commitment to innovation and sustainability, the company continuously works to enhance the vacation experience while minimizing its environmental impact.
Wall Street remains in the red heading into the end of the week, with major indexes posting modest midday losses in New York, though well off the session’s earlier lows.
Carnival shares dip after Q1 FY25 earnings despite strong results. The company reported 7.5% YoY sales growth, reaching $5.81 billion, surpassing analyst expectations. Adjusted EPS of $0.13 beat forecasts, while passenger ticket sales grew 5.9%. With record customer deposits and reduced debt, Carnival's outlook for FY25 looks optimistic, raising both its net yield and adjusted EPS guidance.
Cruise ship company Carnival (NYSE:CCL) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 7.5% year on year to $5.81 billion. Its non-GAAP profit of $0.13 per share was significantly above analysts’ consensus estimates.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Norwegian Cruise Line (NYSE:NCLH) and the best and worst performers in the travel and vacation providers industry.
Cruise operators, including Carnival, Royal Caribbean Group (RCL), and Norwegian Cruise Line Holdings (NCLH), reported broadly strong revenue and profit growth last year, driven by robust demand and higher pricing.
Stay updated with the movements of the S&P500 index one hour before the close of the markets on Wednesday. Discover which stocks are leading as top gainers and losers in today's session.
Let's have a look at what is happening on the US markets in the middle of the day on Wednesday. Below you can find the top S&P500 gainers and losers in today's session.
