Investing.com - Carnival (NYSE:CCL) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Carnival announced earnings per share of $-1.65 on revenue of $1.62B. Analysts polled by Investing.com anticipated EPS of $-1.16 on revenue of $2.33B.
Carnival shares are down 7% from the beginning of the year, still down 32.36% from its 52 week high of $1,890.20 set on June 9, 2021. They are broadly in line with the STOXX 600 which is down 7.02% from the start of the year.
Carnival follows other major Consumer Discretionary sector earnings this month
Carnival's report follows an earnings beat by Flutter Entertainment on March 1, who reported EPS of $3.37 on revenue of $1.55B, compared to forecasts EPS of $0.9695 on revenue of $1.59B.
Entain had missed expectations on March 3 with first quarter EPS of $0.31 on revenue of $2.06B, compared to forecast for EPS of $36.80 on revenue of $2,053M.
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