Why Carnival Corporation Stock Sank 11% Today
Shares of cruise stock champion Carnival Corporation (NYSE: CCL) (NYSE: CUK) hit an iceberg on Monday, sinking 11.1% through 1 p.m. ET despite exceeding analyst expectations for 2023's second-quarter sales and earnings.
Sailing into Q2, Wall Street had forecast a $0.34 per-share loss for Carnival on sales of $4.8 billion. As it turned out, Carnival lost less money than anticipated -- only $0.32 per share -- and recorded more revenue than hoped -- $4.9 billion.
But Carnival stock is falling anyway. Why is that?
Source Fool.com
Carnival plc Stock
€13.21
-0.370%
The community is currently still undecided about Carnival plc with 1 Buy predictions and 0 Sell predictions.
On the other hand, the target price of 13 € is below the current price of 13.21 € for Carnival plc, so the potential is actually -1.59%.
