Carnival rises ahead of Q1 earnings

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Fiona Cincotta
By :  ,  Senior Market Analyst

Carnival trades 1.5% higher ahead of its Q1 results due tomorrow 7th April.

Expectations are low as the pandemic ravaged the business evaporating revenue streams overnight.

The prospects of a return to normal trade still seems like some way off after Boris Johnson failed to provide much detail on international travel amid the re-opening of the UK and the US Centre for Disease Control & Prevention said there was little prospect of lifting the no-cruise order before November.

Loss per share of $1.66 is expected versus $0.22 profit in the same period last year. Revenue is expected to have tumbled 97.7% to $108 million.

Related tags: Equities

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