Advertisement
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
Honda Cuts EV Sales, Investment Targets As It Shifts Focus
Bay Street Likely To Open On Cautious Note; Inflation Data In Focus
U.S. Dollar Slides Amid U.S. Tariff Uncertainty
FTSE 100 Moderately Higher As Investors Focus On Earnings
Home Depot Q1 Profit Misses Market, But Sales Beat; Backs Outlook; Stock Up
CAC 40 Modestly Higher
U.S. Dollar Falls Against Majors
