Investing.com - Carnival (NYSE:CCL) ADS reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Carnival ADS announced earnings per share of $-1.56 on revenue of $0.00. Analysts polled by Investing.com anticipated EPS of $-1.54 on revenue of $197.36M.
Carnival ADS shares are up 31.91% from the beginning of the year and are trading at $24.72 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Carnival ADS shares gained 2.49% in intra-day trade the report.
Carnival ADS follows other major Transportation sector earnings this month
Carnival ADS's report follows an earnings beat by FedEx on March 18, who reported EPS of $3.47 on revenue of $21.5B, compared to forecasts EPS of $3.3 on revenue of $19.96B.
ZTO Express Cayman had missed expectations on March 17 with first quarter EPS of $1.55 on revenue of $8.26B, compared to forecast for EPS of $1.78 on revenue of $8.26B.
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