Why Carnival Stock Just Popped 7.5%
Shares of cruise ship operator Carnival Corporation (NYSE: CCL) jumped after the company reported a big Q4 earnings "beat" this morning and are up 7.5% as of 10 a.m. EST.
Analysts had expected Carnival to report $0.50 per share in adjusted earnings and sales of $4.57 billion for its fourth and final quarter of fiscal 2019. Instead, Carnival reported pro forma profit of $0.62 per share and $4.8 billion in sales.
Image source: Carnival Corporation.
Source Fool.com