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    Carnival (CCL) Stock Plummets After Disappointing Earnings

    Carnival (CCL) Stock Plummets After Disappointing Earnings

    FromSchwab Network

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    Carnival (CCL) Stock Plummets After Disappointing Earnings

    FromSchwab Network

    ratings:
    Length:
    6 minutes
    Released:
    Sep 30, 2022
    Format:
    Podcast episode

    Description

    Carnival (CCL) stock price today is down over 21% after a disappointing earnings report that indicated -$0.58 in EPS and $4.3B in revenue. "Rising interest rates will be a headache because of the heavy levels of debt the cruise company took on just to stay afloat through their pandemic shutdowns. Fiscal 2022 could be plagued by the redemption of future cruise credits," says Lee Bohl. "Ticket prices and costs are affecting Carnival (CCL). However, they are remaining more positive on 2023 results," says David Katz.
    Released:
    Sep 30, 2022
    Format:
    Podcast episode

    Titles in the series (100)

    A unique lineup of financial news and education programs, all available to stream without a subscription. Listen to industry experts track market action and interpret how it may apply to your investment portfolio. Get real-time insights, commentary, and exclusive access to CEOs, analysts, and market experts. Empowering Every Investor and Trader. Every Market Day. Produced by TD Ameritrade Media Productions Company, a wholly-owned subsidiary of TD Ameritrade Holding Corporation. TD Ameritrade Holding Corporation is a wholly owned subsidiary of The Charles Schwab Corporation. TD Ameritrade Media Productions Company is not a financial adviser, registered investment advisor, or broker-dealer. THE TD AMERITRADE NETWORK SITE, CONTENT, APPS, AND RELATED SERVICES, ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to persons residing in Australia, Canada, Japan, Saudi Arabia, UK, and the countries of the European Union. All TD Ameritrade Network content © TD Ameritrade Network. All rights reserved.