Carnival (CCL) Stock Down on Weak Guidance

Carnival Corp (NYSE:CCL) stock is down as the company issued a weak guidance for the current fiscal quarter.

CarnivalThe cruise company posted better-than-expected earnings, with profit of $222 million compared to the year-ago’s profit of $98 million. Earnings were up to $0.25 per share from $0.09 per share.

Carnival’s projected adjusted earnings for the current quarter is of $2.35 to $2.50 per share. Analysts estimate $2.50 per share.

The company expects earnings of $1.56 to $1.60 per share, versus analysts’ estimates of $1.70 per share.

CCL stock is down 1.24% Tuesday.

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