Carnival ADS Earnings, Revenue Miss in Q2

Investing.com - Carnival (NYSE:CUK) ADS reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.

Carnival ADS announced earnings per share of $-3.3 on revenue of $700M. Analysts polled by Investing.com anticipated EPS of $-1.5 on revenue of $825.59M.

Carnival ADS shares are down 65% from the beginning of the year , still down 69.42% from its 52 week high of $52.00 set on June 19, 2019. They are under-performing the TR UK 50 which is down 15.72% year to date.

Carnival ADS follows other major Transportation sector earnings this month

Carnival ADS's report follows an earnings beat by ZTO Express Cayman on May 20, who reported EPS of $0.82 on revenue of $3.92B, compared to forecasts EPS of $0.67 on revenue of $4.51B.

Royal Caribbean Cruises had missed expectations on May 20 with first quarter EPS of $-1.48 on revenue of $2.03B, compared to forecast for EPS of $-0.42 on revenue of $2.04B.

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