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Why Carnival Stock Was Sinking Today

TheMotleyFool

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Why Carnival Stock Was Sinking Today: https://g.foolcdn.com/editorial/images/703131/cruise-ship-off-coast-of-alaska.jpg

Shares of Carnival (NYSE: CCL), the world's biggest cruise line operator, were tumbling today after the company badly missed estimates in its third-quarter earnings report.

As of 11:15 a.m. ET, the stock was down 16%.

Carnival continued to rebound from the pandemic in the third quarter, but its results fell short of expectations and it reported a significant loss.

Source Fool.com

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