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