Investing.com - Carnival (NYSE:CUK) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Carnival announced earnings per share of $-1.13 on revenue of $0.00. Analysts polled by Investing.com anticipated EPS of $-1.12 on revenue of $144.88M.
Carnival shares are up 31% from the beginning of the year, still down 2.78% from its 52 week high of $1,850.40 set on April 7. They are outperforming the STOXX 600 which is up 8.84% from the start of the year.
Carnival follows other major Services sector earnings this month
Carnival's report follows an earnings beat by WPP on March 11, who reported EPS of $0.4437 on revenue of $2.69B, compared to forecasts EPS of $0.42 on revenue of $2.69B.
Next had missed expectations on April 1 with first quarter EPS of $2.3 on revenue of $2.24B, compared to forecast for EPS of $209.12 on revenue of $2,119M.
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