Don’t Look For Carnival Shares To Slow Down Anytime Soon | Don't Look For Carnival Shares To Slow Down Anytime Soon
Don’t Look For Carnival Shares To Slow Down Anytime Soon
My article on Carnival (CCL) for Seeking Alpha
Back on September 23rd the $32B cruise company, Carnival Corporation (NYSE:CCL), reported adjusted Q3 EPS of $1.58 per share vs. the consensus Wall Street estimate of $1.43 per share (14.5% year over year increase) and revenue of $4.94B vs. the $4.88B estimate (4.7% year over year increase). Operating income jumped 36.4% to $1.3B. This was even that much more important when you take into account that Q3 accounts for roughly 3/4th’s of earnings for the typically cruise company. Also, it marked the eleventh straight quarterly EPS beat by Carnival. Total shareholder equity pushed above $25B in the quarter, largely due to a reduction in long-term debt…Click here to read the rest of the article.