Investing.com - Carnival (NYSE:CCL) Corp reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.66 on revenue of $4.84B. Analysts polled by Investing.com forecast EPS of $0.61 on revenue of $4.53B. That compared to EPS of $0.68 on revenue of $4.36B in the same period a year earlier. The company had reported EPS of $0.49 on revenue of $4.67B in the previous quarter.
Carnival Corp shares lost 8.86% to trade at $48.18 in intra-day trade following the report.
Carnival Corp shares lost 8.86% to trade at $48.18 in intra-day trade following the report.
For the year, Carnival Corp shares are down 2.27%, under-performing the S&P 500 which is up 18.93% year to date.
Carnival Corp follows other major Services sector earnings this month
On Thursday, May 30, 2019, Costco reported second quarter EPS of $1.89 on revenue of $34.74B, compared to forecasts of EPS of $1.83 on revenue of $34.71B.
Lowe’s earnings missed analyst's expectations on Wednesday, May 22, 2019, with first quarter EPS of $1.22 on revenue of $17.74B. Investing.com analysts expected EPS of $1.33 on revenue of $17.64B
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