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?

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Source Fool.com