Fuel Price Pressures Crimp Carnival's Outlook
In my earnings preview of Carnival Corporation's (NYSE: CCL) fiscal third-quarter 2019 earnings report earlier this month, I asked rhetorically if the company was due for yet another earnings-related bout of selling from external factors. The cruise line holding company released earnings Thursday morning, and the answer to the question appears to be "yes," as shares were down 8% at midday. As we unpack investors' reaction to the report and walk through details from the last three months, note that all comparative numbers below are presented against the prior-year quarter.
Data source: Carnival Corporation.
Image source: Getty Images.
Source Fool.com
