Earnings Beat of the Week: Carnival Corporation Posts First Profit Since 2020
Cruise line operator Carnival Corporation (CCL) posted record revenue and its first quarterly profit since 2020 as bookings surged, but shares fell on a weaker-than-expected profit outlook, as rising fuel costs could start to weigh on margins.
Carnival earned a $1.07 billion profit, its first since 2020 when pandemic lockdowns and travel restrictions decimated the company’s core business.
Full story Earnings Beat of the Week: Carnival Corporation Posts First Profit Since 2020
