Shares of leisure travel company Carnival Corporation & plc (CCL) are rising more than 8% Wednesday morning after reporting better-than-expected earnings in the fourth quarter.
Net loss in the fourth quarter was $1.598 billion, or $1.27 per share, narrower than 2.62 billion or $2.31 per share in the same quarter a year ago.
Excluding one-time items, loss was $1.068 billion, or $0.85 per share, that beat the average estimate of analysts polled by Thomson-Reuters of $0.87 loss per share.
Revenue in the fourth quarter was $3.838 billion, which was 80% of 2019 levels. This was better than the third quarter which was 66% of 2019 levels, an improvement of 14 percentage points, the company said. Revenue in the fourth quarter of last year was $1.287 billion. The consensus estimate was for $3.91 billion.
CCL, currently at $8.63, has traded in the range of $6.11-$23.86 in the last 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.