In a report published by Goldman Sachs, analyst Steven Kent maintained a Neutral rating and $38.50 price target on CCL.
Goldman Sachs reported that, “This morning CCL reported 1Q13 EPS of $0.08, beating the Street estimate of $0.02, our estimate of ($0.02) and the company's guidance range of $0.03-$0.07. Constant net yields for the quarter were reported in line with our expectation at (2.3%). While CCL beat the quarter, focus will likely be on the company's forward guidance. Carnival reduced their full year EPS guidance to $1.80 to $2.10, from $2.20 to $2.40. The company also reduced their constant net yield guidance materially to (0.5%) to 0.5%, from 1.0% to 2.0%”
Shares of Carnival closed at $35.73 on Thursday.
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