Cruise Stock Pivots Lower Despite Top-Line Beat

CCL tested five-year highs out of the gate, but has since moved sharply lowerCarnival Corp (NYSE:CCL) stock is down 3.3% to trade at $29.47 this morning, even after the cruise company reported fiscal third-quarter earnings that exceeded estimates. Carnival even raised its annual profit forecast, but CCL has nonetheless pivoted into the red after trading as high as $32.49 out of the gate this morning. Sector peers Royal Caribbean Cruises (RCL) and Norwegian Cruise Line (NCLH) are both lower today as well. Th ...