Investing.com - Carnival (NYSE:CCL) Corp reported third quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.63 on revenue of $6.02B. Analysts polled by Investing.com expected EPS of $2.53 on revenue of $6.19B. That compared to EPS of $2.36 on revenue of $5.84B in the same period a year earlier. The company had reported EPS of $0.66 on revenue of $4.84B in the previous quarter.
Carnival Corp shares lost 8.61% to trade at $43.92 in intra-day trade following the report.
Carnival Corp shares lost 8.61% to trade at $43.92 in intra-day trade following the report.
For the year, Carnival Corp shares are down 10.91%, under-performing the S&P 500 which is up 19.98% year to date.
Carnival Corp follows other major Services sector earnings this month
On Thursday, August 29, 2019, Dollar General reported second quarter EPS of $1.74 on revenue of $6.98B, compared to forecasts of EPS of $1.57 on revenue of $6.89B.
Alimentation Couchen A earnings matched analyst's expectations on Wednesday, September 4, 2019, with first quarter EPS of $0.95 on revenue of $14.16B. Investing.com analysts expected EPS of $0.95 on revenue of $13,548M
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