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Why Carnival Stock Just Dropped 11%
What happened
Carnival (NYSE: CCL) stock hit a rock today after the cruise ship operator reported fiscal fourth-quarter 2018 results that beat Wall Street's expectations but just barely matched the Street's revenue forecast -- and included a warning on next year's earnings.
Earnings per share for the fiscal year's final quarter came in a penny ahead of analyst predictions of $0.70, pro forma. Sales were $4.46 billion.
So what
Carnival grew its Q4 revenue less than 5% year over year to $4.4 billion, marking a deceleration at the tail end of a year that has seen revenue rise nearly 8% (to $18.9 billion). The news on earnings was even worse: Carnival's GAAP profit of $0.71 per diluted share was a 7% decline year over year -- a stark contrast to overall fiscal 2018 results, which showed a 24% rebound in earnings per share.
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https://finance.yahoo.com/news/why-carni...ccounter=1
![[Bild: CCLc1dl1432.png]](https://finviz.com/publish/122018/CCLc1dl1432.png)
What happened
Carnival (NYSE: CCL) stock hit a rock today after the cruise ship operator reported fiscal fourth-quarter 2018 results that beat Wall Street's expectations but just barely matched the Street's revenue forecast -- and included a warning on next year's earnings.
Earnings per share for the fiscal year's final quarter came in a penny ahead of analyst predictions of $0.70, pro forma. Sales were $4.46 billion.
So what
Carnival grew its Q4 revenue less than 5% year over year to $4.4 billion, marking a deceleration at the tail end of a year that has seen revenue rise nearly 8% (to $18.9 billion). The news on earnings was even worse: Carnival's GAAP profit of $0.71 per diluted share was a 7% decline year over year -- a stark contrast to overall fiscal 2018 results, which showed a 24% rebound in earnings per share.
...
https://finance.yahoo.com/news/why-carni...ccounter=1
