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Thursday, December 26, 2024
HomeCruiseCarnival Stock Sinks as Discounting Dings Earnings

Carnival Stock Sinks as Discounting Dings Earnings

A Carnival cruise ship. The company has loosened its Covid-19 protocols, including by eliminating its predeparture testing requirement and by allowing unvaccinated guests.
Carnival shares lost more than a fifth of their value Friday as the cruise giant struggled to win over travelers without offering discounts.
Carnival’s loss narrowed and sales rose significantly in the third quarter from last year, when tight Covid-19 restrictions limited cruises, but results fell short of Wall Street expectations.

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