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home / news releases / RCL - Carnival results beat expectations but high leverage and lofty valuation could weigh


RCL - Carnival results beat expectations but high leverage and lofty valuation could weigh

2024-06-25 11:22:16 ET

Shares of Carnival Corporation ( NYSE: CCL ) are trending higher Tuesday after the company’s FQ2 results beat Wall Street’s expectations and indicated robust demand for cruises, as evidenced by a new record high in deposits. In addition, forecasts for FQ3 and FY24 indicate 20% improvement in adjusted EBITDA and +$275M revision to adjusted net income for the full year. ...

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Carnival results beat expectations but high leverage and lofty valuation could weigh
Stock Information

Company Name: Royal Caribbean Cruises Ltd.
Stock Symbol: RCL
Market: NYSE
Website: rclcorporate.com

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