Carnival Issues Guidance that comes up Short of Expectations while Plug Power Hints at Major Deal Soon
Carnival Corporation (NYSE: CCL) shares fell on Tuesday after the company reported a net loss of $15 million, or 2 cents a share, down year over year from a profit of $37 million, or 5 cents a share. Revenue fell to $3.58 billion. Analysts had expected a loss of 8 cents a share on revenue of $3.56 billion. The world’s largest cruise ship operator, whose lines include Carnival, Holland America, and Costa, has been taking more bookings this year but is selling them for less, leaving it facing a second-quarter loss. Carnival expects full-year adjusted profit of $1.50 to $1.70 a share, which