Carnival Corporation CCL shares are trading lower on Tuesday in sympathy with Norweigian Cruise Line Holdings NCLH, which fell after reporting earnings and issuing guidance.
What To Know: Norwegian Cruise Line Holdings reported quarterly earnings of 30 cents per share which beat the analyst consensus estimate of 27 cents. The company reported quarterly sales of $2.21 billion which beat the analyst consensus estimate of $2.18 billion.
The sector may be falling on guidance provided by NCLH. The company said it expects full-year occupancy going forward to be roughly 200 bps lower than 2019 levels.
The company expects fiscal year 2023 earnings per share of 80 cents, versus the estimate of 78 cents, and fiscal year 2023 EBITDA between $1.85 and $1.95.
Despite shares of cruise stocks falling in sympathy with NCLH, CCL stock has rallied 89.15% over the past three months.
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CCL Price Action: Shares of CCL were down 4.86% at $17.93 at the time of publication, according to Benzinga Pro.
Image by Ed Judkins from Pixabay
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