Carnival Corp (CCL) Releases Earnings Results, Beats Expectations By $0.03 EPS

Carnival Corp (CCL) announced its most recent quarterly financial results on Monday, Sep-26-2016. CCL said it had a profit of $1.92 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $1.89. The company posted revenue of $5097.00 million in the period, compared to analysts expectations of $5066.60 million. CCL’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS.

Many Wall Street Analysts have commented on Carnival Corp. Carnival Corp was Downgraded by Morgan Stanley to ” Underweight” on Sep 2, 2016.

Carnival Corp opened for trading at $46.19 and hit $46.87 on the upside on Thursday, eventually ending the session at $46.84, with a gain of 2.23% or 1.02 points. The heightened volatility saw the trading volume jump to 43,70,250 shares. Company has a market cap of $35,943 M.

In a different news, on Apr 5, 2016, Richard Glasier (director) sold 10,000 shares at $52.43 per share price. According to the SEC, on Mar 9, 2016, Arnold W Donald (President & CEO) sold 23,281 shares at $42.99 per share price. On Feb 25, 2016, David Bernstein (Chief Financial Officer) sold 6,214 shares at $48.11 per share price, according to the Form-4 filing with the securities and exchange commission.

Carnival Corporation is a cruise vacation company. The Company has three cruise segments that consist of North America cruise brands Europe Australia & Asia (EAA) cruise brands and Cruise Support. In addition it also has a Tour and Other segment. The Company offers its services under nine cruise brands. Its North America segment cruise brands include Carnival Cruise Lines Holland America Line Princess Cruises (Princess) and Seabourn. Its EAA segment cruise brands include AIDA Cruises (AIDA) Costa Cruises (Costa) Cunard P&O Cruises (Australia) and P&O Cruises (United Kingdom). Its Cruise Support segment includes its cruise port and related facilities located in Cozumel Mexico; Grand Turk Turks and Caicos Islands Roatan Honduras and Puerto Plata Dominican Republic. In addition to its cruise operations it owns Holland America Princess Alaska Tours a tour company in Alaska and the Canadian Yukon.

Carnival Corp

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