Carnival Corporation Reports Q1 Miss, Recovery is Slower Than Expected
<p><a href='https://financialmodelingprep.com/financial-summary/CCL'>Carnival Corporation (NYSE:CCL) </a>reported its Q1 results, with EPS of ($1.66) coming in worse than the consensus estimate of ($0.90). Revenue was $1.62 billion, missing the consensus estimate of $2.32 billion. With occupancy lower than Q4, the recovery continues to be more modestly paced than expected. </p>
<p>According to the analysts at Berenberg Bank, Q1 was another weak quarter with further meaningful downgrades for 2022, but the rhetoric remains optimistic for summer 2022 and for 2023 to be back to normal. </p>
<p>The analysts continue to support the longer-term recovery of the industry but note that 2022 and potentially the start of 2023 will be more transitionary than anticipated.</p>

NYSE:CCL