Carnival Reports First Quarterly Profit in Years Along With Upbeat Forecast: So Why is the Stock Falling?
Shares of Carnival Corp. (CCL) are down more than 5% in Friday morning’s trading session after the cruise line reported its first quarterly profit since before the pandemic. The company’s revenue of $6.85 billion represented not just a 59% growth, but also a new all-time high. The previous high was $6.53 billion in 2019. [...]