Investing.com - Carnival Corp reported fourth quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of $0.62 on revenue of $4.78B. Analysts polled by Investing.com expected EPS of $0.52 on revenue of $4.59B. That compared to EPS of $0.7 on revenue of $4.46B in the same period a year earlier. The company had reported EPS of $2.63 on revenue of $6.53B in the previous quarter.
Carnival Corp shares gained 7.67% to trade at $50.23 in intra-day trade following the report.
For the year, Carnival Corp shares are up 1.89%, under-performing the S&P 500 which is up 30.17% year to date.
Carnival Corp follows other major Services sector earnings this month
On Thursday, December 12, 2019, Costco reported first quarter EPS of $1.73 on revenue of $37.04B, compared to forecasts of EPS of $1.71 on revenue of $39.95B.
Ross Stores earnings beat analyst's expectations on Thursday, November 21, 2019, with third quarter EPS of $1.03 on revenue of $3.85B. Investing.com analysts expected EPS of $0.97 on revenue of $3.77B
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