Categories AlphaGraphs, Earnings, Other Industries

Carnival Corp. (CCL) Q1 loss narrows on strong revenue growth

Carnival Corporation & plc. (NYSE: CCL) on Monday reported a narrower net loss for the first quarter of 2023 when the cruise company’s revenues more than doubled.

Carnival Corp. Q1 2023 earnings infographic

Revenues more than doubled to $4.43 billion in the February quarter, aided by strong growth in both operating segments. Occupancy increased sharply to an impressive 91%.

As a result, the net loss narrowed to $693 million or $0.55 per share in the first quarter from $1.89 billion or $1.66 per share in the corresponding period of 2022. The company also provided guidance for the second quarter and fiscal 2023.

“We are enjoying a phenomenal wave season, achieving our highest-ever quarterly booking volumes and breaking records in both North America and Europe. Our strong performance has extended into March and we expect this favorable trend to continue based on the success of our efforts to drive demand,” said Carnival’s chief executive officer Josh Weinstein.

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Important takeaways from Conagra Brands’ Q4 2025 report

Conagra Brands, Inc. (NYSE: CAG), a leading provider of consumer packaged goods, reported weaker-than-expected sales and adjusted earnings for its fourth quarter, reflecting ongoing economic uncertainty and muted consumer spending.

Delta Air Lines (DAL) gains on strong Q2 2025 performance

Shares of Delta Air Lines (NYSE: DAL) rose 12% on Thursday after the company delivered strong results for the second quarter of 2025 and restored its guidance for the full

CAG Earnings: Conagra Brands Q4 adj. profit drops, misses estimates

Conagra Brands, Inc. (NYSE: CAG), a leading provider of consumer packaged goods, reported lower sales and adjusted earnings for the fourth quarter of 2025. Results missed analysts' estimates. Net sales

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top