Carnival earnings, demand: Cruise lines having 'more than' a moment [Yahoo! Finance]
MACQUARIE GROUP LTD S/ADR (MQBKY)
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Source: Yahoo! Finance
Cruise line operator Carnival ( CCL ) beat earnings estimates for its fiscal third quarter, but its stock fell Monday despite the company also raising its annual profit forecast. Citi Leisure & Travel Analyst James Hardiman comes on Market Catalysts to discuss Carnival's guidance and the cruise industry's resilient consumer demand. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts Video Transcript Speaker A Carnival topping third quarter expectations and raising its annual profit forecast as demand for cruises remains strong. Still, Speaker A seems like the fourth quarter guidance is disappointing some investors. So joining me now to walk through it all is James Hardeman, City leisure and travel analyst. James, it's good to see you. Speaker A I first blush the numbers look good. They raised the forecast and yet we are seeing the shares lower. Um, I know that the fourth quarter yield forecast was perhaps a little
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