Why Carnival Stock Dropped After Earnings
Shares of cruise-line company Carnival Corporation (NYSE: CCL) fell 2% at 10:45 a.m. ET Tuesday after missing earnings badly in its Q1 2022 report this morning.
Heading into the quarter, analysts already weren't very optimistic about Carnival's chances this quarter. The news, however, was even worse than feared. Instead of losing $0.89 per share on $2.3 billion in quarterly sales, Carnival lost $1.66 per share on sales of only $1.6 billion.
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Source Fool.com
