Carnival Corp. Q3 Results Miss Estimates
(RTTNews) - Carnival Corporation & plc (CCL) reported Friday that net loss for the third quarter sharply narrowed to $770 million or $0.65 per share from $2.84 billion or $2.50 per share in the prior-year quarter.
Excluding items, adjusted net loss for the quarter were $688 million, compared to $1.99 billion in the year-ago quarter.
Total revenues for the quarter soared to $4.31 billion from $546 million in the same quarter last year.
On average, seven analysts polled by Thomson Reuters estimated a loss of $0.13 per share on revenues of $5.07 billion for the quarter. Analysts' estimates typically exclude one-time items.
Looking ahead, the company said it expects a net loss and breakeven to slightly negative adjusted EBITDA for the fourth quarter ending November 30, 2022, given the seasonality of its business. Additionally, on a year-over-year basis, the company expects improvement in adjusted EBITDA and occupancy, with occupancy returning to historical levels during 2023.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Higher Open Called For Taiwan Stock Market
Singapore Bourse May Test Resistance At 4,300 Points
Malaysia Stock Market Tipped To Open In The Green
Hang Seng Tipped To Open To The Upside On Thursday
Japan Stock Market Has Positive Lead For Thursday
Additional Support Anticipated For South Korea Shares
South Korea Export Prices Climb 1.0% In July
