Investing.com - Carnival (NYSE:CCL) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Carnival announced earnings per share of $-1.65 on revenue of $1.62B. Analysts polled by Investing.com anticipated EPS of $-1.16 on revenue of $2.33B.
Carnival shares are down 7% from the beginning of the year and are trading at $1,282.6 , down-from-52-week-high.They are broadly in line with the STOXX 600 which is down 6.86% from the start of the year.
Carnival follows other major Consumer Discretionary sector earnings this month
Carnival's report follows an earnings beat by Flutter Entertainment on Tuesday, March 1, 2022, who reported EPS of $3.37 on revenue of $1.55B, compared to forecasts EPS of $0.9695 on revenue of $1.59B.
Entain had missed expectations on Thursday, March 3, 2022 with first quarter EPS of $0.31 on revenue of $2.06B, compared to forecast for EPS of $36.80 on revenue of $2,053M.
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