Carnival’s Second-Quarter Loss Was Much Worse Than Expected
Cruise ship operator Carnival (NYSE: CCL) reported its earnings hit an iceberg in the second quarter, as the coronavirus pandemic caused it to swing to a much worse than expected loss for the period.
Even the company adjusted for $2 billion in impairment charges, the loss was almost double what Wall Street was forecasting. Carnival says the longer the cruise delays continue, the worse the impact will be.
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Source Fool.com
