Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Carnival Shares Plunged 8.6% Today

TheMotleyFool

0 0

Shares of Carnival (NYSE: CCL) fell as much as 9.3% in trading Thursday after the cruise-ship operator reported third-quarter results and a lowered full-year outlook. Shares ended the day down 8.6% and are now down 22.3% in the last six months.

Fiscal third-quarter revenue jumped 12% to $6.53 billion, and earnings adjusted for one-time items were $1.8 billion, or $2.63 per share. Analysts were only expecting revenue of $6.17 billion and earnings of $2.53, so the quarter easily topped expectations.

Image source: Getty Images.

Source Fool.com

Like: 0

CCL

Share