Investing.com - Carnival (NYSE:CCL) ADS reported on Friday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Carnival ADS announced earnings per share of $-1.64 on revenue of $2.4B. Analysts polled by Investing.com anticipated EPS of $-1.15 on revenue of $2.76B.
Carnival ADS shares are down 47.11% from the beginning of the year, still down 60.71% from its 52 week high of $24.89 set on September 27, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Carnival ADS shares gained 11.64% in intra-day trade following the report.
Carnival ADS follows other major Consumer Discretionary sector earnings this month
Carnival ADS's report follows an earnings beat by Alibaba ADR on May 26, who reported EPS of $7.95 on revenue of $204.05B, compared to forecasts EPS of $7.1 on revenue of $199.47B.
Pinduoduo had beat expectations on May 27 with first quarter EPS of $2.95 on revenue of $23.79B, compared to forecast for EPS of $1.83 on revenue of $20.45B.
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