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Dipanjan Banchur

HISTORICAL FACTS: Is it time to give up on carnival cruise line stock - The Untold Story

CCL Carnival Cruise Line Dipanjan BanchurSince Carnival Corporation Recession

After a washout during the pandemic, cruise stock Carnival Corporation (CCL) made a strong recovery as travel resumed after the restrictions were lifted. The company benefited from pent-up travel demand as pandemic fears waned.

Despite the sharp pickup in bookings and operations in the third quarter, CCL missed Wall Street EPS and revenue estimates. Analysts expected a loss per share of $0.14, but the company reported a wider loss per share of $0.58. Its revenue missed the consensus estimates by 12.7%.

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