Why Carnival Stock Was Sinking Today
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