Carnival rises ahead of Q1 earnings

Carnival is expected to release Q1 results 7th April. A loss per share of $1.66 is forecast on revenue of $108 million.

Uptrend 2

 

Carnival trades 1.5% higher ahead of its Q1 results due tomorrow 7th April.

Expectations are low as the pandemic ravaged the business evaporating revenue streams overnight.

The prospects of a return to normal trade still seems like some way off after Boris Johnson failed to provide much detail on international travel amid the re-opening of the UK and the US Centre for Disease Control & Prevention said there was little prospect of lifting the no-cruise order before November.

Loss per share of $1.66 is expected versus $0.22 profit in the same period last year. Revenue is expected to have tumbled 97.7% to $108 million.


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