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Carnival Q4 adj. per-share loss 7 cents beat the FactSet loss consensus 13 cents; stock gains 0.7% premarket

December 22, 2023 | by stockcoin.net

carnival-q4-adj-per-share-loss-7-cents-beat-the-factset-loss-consensus-13-cents-stock-gains-07-premarket

Carnival Corp., the prominent cruise ship operator, has reported a fourth-quarter adjusted per-share loss of 7 cents, surpassing the FactSet loss consensus of 13 cents. This unexpected turn of events has resulted in a 0.7% premarket gain in the company’s stock. Headquartered in Miami, Florida, Carnival Corp. operates various cruise ship brands, including Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn. With a ticker symbol of “CCL” on the New York Stock Exchange, the company has a market capitalization of $22.71 billion and boasts 1.12 billion shares outstanding as of December 22, 2023. The stock’s current trading price stands at $19.11 per share, with a 52-week range of $7.53 to $19.55.

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Overview of Carnival Corp.

Carnival Corp. is a cruise ship operator that is publicly traded under the stock code CCL. The company operates several popular cruise ship brands, including Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn. Carnival Corp. has its headquarters in Miami, Florida, and is listed on the New York Stock Exchange (NYSE) under the ticker symbol CCL.

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As of December 22, 2023, the current stock price for Carnival Corp. stands at $19.11 per share. This price reflects the value of the company’s stock in the market on that date. Over the past 52 weeks, the stock has had a range of $7.53 to $19.55, indicating the fluctuation in its price during that time period.

Carnival Corp. has a substantial market capitalization of $22.71 billion, which represents the total value of the company’s outstanding shares in the stock market. Additionally, there are 1.12 billion shares outstanding for Carnival Corp., indicating the number of shares that investors currently hold in the company.

Carnival Corp. Fourth Quarter Performance

The fourth quarter performance of Carnival Corp. showed an adjusted per-share loss. This adjusted per-share loss is a measure used by the company to provide a clearer picture of its financial performance by excluding certain one-time expenses or special items. The adjusted per-share loss is an important indicator of Carnival Corp.’s profitability during the quarter.

When compared to the FactSet loss consensus, Carnival Corp.’s adjusted per-share loss may be higher or lower. The FactSet loss consensus is a widely followed estimate provided by financial analysts, which helps investors understand the market’s expectations for the company’s performance. Any deviation from the FactSet loss consensus could signal potential surprises in Carnival Corp.’s earnings.

Despite the adjusted per-share loss, Carnival Corp. experienced stock gains in the premarket. This suggests that investors reacted positively to the company’s fourth quarter performance, potentially indicating confidence in its future prospects. The premarket is the period before the stock market formally opens, where investors can trade shares based on news or events that may have occurred outside regular trading hours.

Overview of Carnival Corp. Brands

Carnival Corp. operates several well-known cruise ship brands that cater to different types of travelers. One of its flagship brands is Carnival Cruise Line, which offers a wide range of cruise itineraries and onboard activities for passengers of all ages. Holland America Line, another brand under Carnival Corp.’s portfolio, provides a more luxurious and personalized experience for its guests. Princess Cruises is known for its elegant ships and diverse itineraries, while Seabourn offers ultra-luxury cruising with small ships and attentive service.

Each brand under Carnival Corp. has its own unique offering and attracts a distinct customer base. By operating multiple brands, Carnival Corp. is able to cater to a wider range of preferences and target various market segments within the cruise industry.

Carnival Corp. Headquarters

Carnival Corp.’s headquarters is located in Miami, Florida. This strategic location allows the company to have a strong presence in the cruise industry, as Miami is a major hub for cruise ships and a popular departure port for many cruise itineraries. Being headquartered in Miami also provides convenient access to key resources and talent within the industry.

Carnival Corp. Listing on NYSE

Carnival Corp. is listed on the New York Stock Exchange (NYSE), which is one of the world’s largest stock exchanges. The company’s stock is traded under the ticker symbol CCL. Ticker symbols are unique combinations of letters that represent specific stocks on an exchange. The ticker symbol allows investors to easily identify and track the performance of a particular stock, such as Carnival Corp.’s CCL.

The listing of Carnival Corp. on the NYSE provides the company with increased visibility and access to a large pool of potential investors. It also allows investors to easily buy and sell shares of Carnival Corp. on a regulated and transparent trading platform.

Current Stock Price

As of December 22, 2023, the stock price for Carnival Corp. was $19.11 per share. This represents the market value of the company’s stock at that specific point in time. The stock price is influenced by various factors, such as market demand, investor sentiment, and the financial performance of the company.

Investors and analysts closely monitor the stock price of Carnival Corp. as it provides insights into the market’s perception of the company’s value and potential future growth prospects. Significant changes in the stock price can impact investor sentiment and may indicate shifts in market dynamics or company-specific events.

Stock Performance

Over the past 52 weeks, the stock price of Carnival Corp. has ranged from a low of $7.53 to a high of $19.55. This 52-week range reflects the price movement of the stock within a one-year period. It shows the minimum and maximum prices at which the stock has traded during that time, giving investors an idea of the volatility and potential returns associated with the stock.

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The stock’s performance within the 52-week range can be influenced by various factors, including the overall performance of the cruise industry, macroeconomic conditions, company-specific news or events, and investor sentiment. Investors often analyze the stock’s performance within this range to identify potential buying or selling opportunities.

Market Capitalization

Carnival Corp. currently has a market capitalization of $22.71 billion. Market capitalization, also known as market cap, is a measure of a company’s total value in the stock market. It is calculated by multiplying the company’s stock price by the number of shares outstanding.

In the case of Carnival Corp., there are 1.12 billion shares outstanding. The number of shares outstanding represents the total number of shares that investors currently hold in the company. By multiplying the stock price by the number of shares outstanding, the market capitalization provides an indication of the company’s size and value relative to other companies in the market.

Carnival Corp.’s market capitalization of $22.71 billion reflects its position as a significant player in the cruise industry. It highlights the company’s scale and market presence, which can be attractive to investors seeking exposure to the sector.

In conclusion, Carnival Corp. is a cruise ship operator that operates under the stock code CCL. The company runs several well-known cruise ship brands and is headquartered in Miami, Florida. It is listed on the NYSE under the ticker symbol CCL, with a current stock price of $19.11 per share as of December 22, 2023. The stock has a 52-week range of $7.53 to $19.55. With a market capitalization of $22.71 billion and 1.12 billion shares outstanding, Carnival Corp. demonstrates its position as a major player in the cruise industry.

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