Most investors left no dry powder, Wall Street lingo for buying power, in their accounts after chasing the technology sector in its pursuit of higher prices. Other sectors, such as the consumer discretionary space, aren’t as attractive in their growth projections and sophisticated proposals to deliver value to investors, but that changes today.Carnival Co. & TodayCCLCarnival Co. &$17.84 +1.45 (+8.85%) 52-Week Range$10.84▼$19.74P/E Ratio68.62Price Target$21.61Add to WatchlistShares of Carnival Co. NYSE: CCL ...

Key TakeawaysThe S&P 500 added 0.4% on Tuesday, June 25, 2024, as a tech rebound helped the benchmark index notch its first daily gain since its record close a week ago.Shares of cruise operators soared after Carnival Corp. announced an unexpected quarterly profit, boosted by higher ticket prices and increased onboard spending.Pool Corp., which provides products for swimming pools, cut its full-year outlook, sending its shares down and pressuring other stocks in the home-improvement industry. Major U.S. equ ...

The cruise industry leader reported strong earnings and a strong outlook.Shares of cruise industry leader Carnival Corp. (CCL 8.51%) were rallying today, up 8.2% as of 1:48 p.m. ET.The cruise line leader reported second-quarter earnings this morning, beating analyst expectations handily and quelling fears that higher interest rates might be crimping demand for cruising.It appears there's seemingly no stopping the momentum of the cruise industry as consumers seek affordable "revenge travel" voyages left and ...

Carnival Corp (NYSE:CCL) stock is up 9.7% at $17.98 at last glance, headed for its largest single-day percentage gain since June 12, 2023, after the cruise line reported strong fiscal second-quarter results and raised its annual profit forecast due to higher prices and steady demand. CEO Josh Weinstein stated that they "closed yet another quarter delivering records, this time across revenues, operating income, customer deposits and booking levels, exceeding our guidance on every measure."Analysts aren't con ...

Carnival Corporation & plc (NYSE:CCL) Q2 2024 Earnings Conference Call June 25, 2024 10:00 AM ET Company Participants Beth Roberts - Senior Vice President, Investor Relations Josh Weinstein - President, Chief Executive Officer and Chief Climate Officer David Bernstein - Chief Financial Officer and Chief Accounting Officer Conference Call Participants Matthew Boss - JPMorgan Steven Wieczynski - Stifel Patrick Scholes - Truist Securities Benjamin Chaiken - Mizuho Securities Robin Farley - UBS James Hardiman - ...

Carnival Corporation & plc (CCL) reported impressive second-quarter fiscal 2024 results, with earnings and revenues beating the Zacks Consensus Estimate. The top and the bottom line increased on a year-over-year basis. The upside was primarily backed by sustained demand strength and increased booking volumes.Following the results, the stock moved up 5% during trading hours on Jun 25. Positive investor sentiments were witnessed as the company reported better-than-expected guidance for 2024. The management ex ...

For the quarter ended May 2024, Carnival (CCL) reported revenue of $5.78 billion, up 17.7% over the same period last year. EPS came in at $0.11, compared to -$0.31 in the year-ago quarter.The reported revenue represents a surprise of +2.20% over the Zacks Consensus Estimate of $5.66 billion. With the consensus EPS estimate being -$0.01, the EPS surprise was +1200.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their n ...

The leading cruise line operator reported blowout results that you should've seen coming.Shares of Carnival Corp. (CCL 7.50%) opened higher on Tuesday after the company posted better-than-expected financial results. The beat on both ends of the income statement shouldn't really come as a surprise. Revenue rising 18% to $5.78 billion -- ahead of the 16% increase that it initially targeted -- isn't a shock, even if it did fall short of analyst targets last time out.Momentum at rivals Royal Caribbean (RCL 3.47 ...

Key TakeawaysCarnival Corporation reported an unexpected second-quarter profit as passengers spent more for cruises.The company said results were boosted by higher prices for tickets, increased onboard spending, and the timing of expenses.Carnival noted that demand remained strong, and raised its full-year guidance. Carnival Corporation (CCL) shares sailed higher in intraday trading Tuesday when the cruise operator posted a surprising quarterly profit and boosted its guidance as customers spent more to sail ...

Carnival (CCL) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to loss of $0.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1,200%. A quarter ago, it was expected that this cruise operator would post a loss of $0.18 per share when it actually produced a loss of $0.14, delivering a surprise of 22.22%.Over the last four quarters, the compan ...