Investing.com - Carnival (NYSE:CCL) Corp reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.49 on revenue of $4.67B. Analysts polled by Investing.com expected EPS of $0.44 on revenue of $4.31B. That compared to EPS of $0.52 on revenue of $4.23B in the same period a year earlier. The company had reported EPS of $0.7 on revenue of $4.46B in the previous quarter.
Carnival Corp shares lost 9.20% to trade at $51.43 in intra-day trade following the report.
Carnival Corp shares lost 9.20% to trade at $51.43 in intra-day trade following the report.
For the year, Carnival Corp shares are up 4.32%, under-performing the S&P 500 which is up 13.61% year to date.
Carnival Corp follows other major Services sector earnings this month
On Tuesday, February 26, 2019, Home Depot reported fourth quarter EPS of $2.25 on revenue of $26.49B, compared to forecasts of EPS of $2.16 on revenue of $26.58B.
Pinduoduo earnings missed analyst's expectations on Wednesday, March 13, 2019, with first quarter EPS of $-2.16 on revenue of $5.65B. Investing.com analysts expected EPS of $-1.5 on revenue of $5.22B
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