What's Going On With Carnival Stock?

Carnival Corporation CCL shares are trading lower Monday. The stock continued its slide downward following the company's reporting of its third-quarter financial results last Friday.

What To Know: Shares of Carnival moved lower last Friday after the company posted third-quarter earnings. The company reported quarterly earnings of 86 cents per share which beat the analyst consensus estimate of 75 cents, and quarterly sales of $6.85 billion, which beat the analyst consensus estimate of $6.69 billion.

The company also issued fourth-quarter EBITDA guidance in a range between $800 million and $900 million and expects fourth-quarter occupancy of 101% or higher.

Full-year 2023 EBITDA was anticipated to be between $4.1 billion and $4.2 billion and full-year 2023 occupancy was expected to be 100% or higher.

On Monday, shares of Carnival trended lower by over 1%. Also, William Blair analyst Sharon Zackfia reinstated Carnival with a Outperform.

Related Link: This Toast Analyst Sees Surge In GLP-1 Drugs & More Spoiling Long Term Growth Prospects

CCL Price Action: Shares of CCL were down 1.04% at $13.58 at the time of publication, according to Benzinga Pro.

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