Carnival's Slowdown Shows No Signs of Letting Up
Investors were worried that Carnival (NYSE: CCL) might have bad news to report in its third-quarter earnings announcement. The cruise giant had lowered its outlook in each of the prior two quarterly reports, after all, and an active hurricane season threatened to produce another downgrade heading into the last quarter of fiscal 2019.
Its actual results came in just as management had predicted they would back in late June. However, Carnival noted several nagging disruptions that are combining to set up a weak outlook for the rest of the year and into 2020.
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Source Fool.com
