Carnival Finds Its Way to Another Record Fiscal Year
Investors had low expectations heading into Carnival's (NYSE: CCL) fourth-quarter earnings report. The cruise ship giant had announced disappointing results in its last few outings, after all, as its growth slowed to a crawl and trailed that of other industry rivals like Royal Caribbean (NYSE: RCL).
The company's report delivered mostly good news to shareholders, with sales growth outpacing management's targets for the fourth quarter even as the 2020 outlook was hampered by a few unusual headwinds.
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Source Fool.com
