Carnival: Fiscal Q2 Earnings Snapshot
Posted June 28, 2021 6:28 am.
Last Updated June 28, 2021 6:33 am.
MIAMI (AP) _ Carnival Corp. (CCL) on Monday reported a loss of $2.07 billion in its fiscal second quarter.
The Miami-based company said it had a loss of $1.83 per share. Losses, adjusted for non-recurring costs, were $1.80 per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.68 per share.
The cruise operator posted revenue of $50 million in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $128.9 million.
Carnival shares have climbed 30% since the beginning of the year, while the S&P’s 500 index has climbed 14%. The stock has climbed 78% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCL at https://www.zacks.com/ap/CCL
The Associated Press
