After a washout during the pandemic, cruise stock Carnival Corporation (CCL) made a strong recovery as travel resumed after the restrictions were lifted. The company benefited from pent-up travel demand as pandemic fears waned.
Despite the sharp pickup in bookings and operations in the third quarter, CCL missed Wall Street EPS and revenue estimates. Analysts expected a loss per share of $0.14, but the company reported a wider loss per share of $0.58. Its revenue missed the consensus estimates by 12.7%.
