“Tuesday's First Moves: CCL & KMX Rally on Earnings, NFLX Upgrade”
Carnival's strong earnings report, with revenue and EPS beating expectations, drove a 10% stock rally.
Yes, Carnival's report was very good, considering the fluctuations in fuel prices. They have exceeded their expectations for June, and even their profit margins , which we will talk about shortly.
As for total sales, they achieved $8.43 billion, exceeding estimates of approximately $8.38 billion. That's an increase of approximately 3.5% compared to last year when they achieved $8.15 billion.