Carnival Corp plunges on forecast of Q4 loss, delayed return to profitability
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Carnival Corp. (CCL) Tumbles After Q3 Earnings Miss
September 30, 2022 11:05 AM EDTCarnival Corp. (NYSE: CCL) shares plummeted over 19% Friday after the company posted earnings for its latest quarter, missing earnings and revenue estimates.
The cruise line company reported a loss per share for the third quarter of $0.65, $0.54 worse than the analyst estimate of a loss of $0.11, while revenue came in at $4.31 billion versus the consensus estimate of $4.9 billion.
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