Carnival Corporation (CCL) (GB:0EV1) shares jumped 12.4% on June 24 despite the Miami-based cruise operator posting a worse-than-feared Q1 loss as well as missing top-line expectations. Carnival Corporation is the world’s largest leisure travel company. The company’s portfolio includes a combined fleet of almost 100 ships across 10 cruise line brands. Q1 Miss The company reported an adjusted loss of $1.61 per share, which fell a massive 54 cents short of the street’s estimated loss of $1.07. Meanwhile, revenues of $2.4 billion more than quadrupled year-over-year but fell far short of the $2.76 billion consensus.
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Carnival (NYSE:CCL)
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