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.
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
Johnson & Johnson to report Q2 earnings on July 16. Here’s what to expect
Johnson & Johnson's (NYSE: JNJ) business strategy for fiscal 2025 is focused on reducing the impact of patent expirations on its revenue. Anticipating sales to benefit from growth initiatives, including
What to expect when United Airlines (UAL) reports its Q2 2025 earnings results
Shares of United Airlines Holdings, Inc. (NASDAQ: UAL) stayed green on Tuesday. The stock has gained 44% over the past three months. The airline company is scheduled to report its
Earnings Preview: Fastenal Company likely to report higher Q2 sales and profit
Fastenal Company (NASDAQ: FAST), a leading provider of industrial and construction supplies, is set to publish its second-quarter results next week. The company is among the hardest hit by the
