Categories AlphaGraphs, Earnings, Other Industries

CCL Earnings: Carnival Corp reports narrower Q2 loss; revenue jumps

Carnival Corporation & plc. (NYSE: CCL) on Monday said its revenues more than doubled in the second quarter of 2023. As a result, the cruise line operator’s net loss narrowed sharply.

Carnival Corp. Q1 2023 earnings infographic

Revenues more than doubled to $4.91 billion in the May quarter, reflecting strong growth in both operating segments. Occupancy increased sharply to 98%.

Consequently, the company’s Q2 net loss narrowed to $407 million or $0.32 per share from $1.83 billion or $1.61 per share in the corresponding period of 2022. The management provided guidance for the third quarter and fiscal 2023.

“We reached a meaningful inflection point for revenue this quarter, with net yields surpassing 2019’s strong levels, and we achieved positive operating income, cash from operations, and adjusted free cash flow,” said Carnival’s chief executive officer Josh Weinstein.

Prior Performance

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

Most Popular

NKE Earnings: Here’s everything you need to know about Nike’s Q1 report

Nike, Inc. (NYSE: NKE) on Thursday reported results for the first three months of fiscal 2024, reporting a modest rise in revenues. The sneaker giant reported net income of $1.45

Key takeaways from Accenture’s (ACN) Q4 2023 earnings report

Shares of Accenture plc (NYSE: ACN) were down 4% on Thursday after the company delivered mixed results for the fourth quarter of 2023 and provided full-year guidance that came below

CarMax (KMX) Q2 2024 Earnings: Key financials and quarterly highlights

CarMax, Inc. (NYSE: KMX) reported second quarter 2024 earnings results today. Net revenues were $7.1 billion, down 13.1% compared to the same period a year ago. Net earnings declined 5.8%

Add Comment
Viewing Highlight