Investing.com - Carnival (NYSE:CCL) ADS reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Carnival ADS announced earnings per share of $-3.3 on revenue of $700M. Analysts polled by Investing.com anticipated EPS of $-1.5 on revenue of $825.59M.
Carnival ADS shares are down 65% from the beginning of the year and are trading at $15.90 , down-from-52-week-high.They are under-performing the TR UK 50 which is down 15.72% year to date.
Carnival ADS follows other major Transportation sector earnings this month
Carnival ADS's report follows an earnings beat by ZTO Express Cayman on Wednesday, May 20, 2020, who reported EPS of $0.82 on revenue of $3.92B, compared to forecasts EPS of $0.67 on revenue of $4.51B.
Royal Caribbean Cruises had missed expectations on Wednesday, May 20, 2020 with first quarter EPS of $-1.48 on revenue of $2.03B, compared to forecast for EPS of $-0.42 on revenue of $2.04B.
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