Carnival (CCL) stock ripped higher on Sept. 29 after the cruise operator posted record results for its fiscal Q3 on persistent demand for seaborne vacations. The Miami-headquartered firm reported $8.44 billion in revenue on an “all-time high” net income of $1.9 billion, both handily above Street expectations.
Despite the post-earnings surge, however, Carnival shares are down about 20% versus the start of this year.
